🚀 **Kraken Unveils kBTC: A New Contender in Wrapped Bitcoin Arena!**

- **Kraken's kBTC**: The U.S.-based crypto exchange Kraken has launched its own Wrapped Bitcoin, kBTC, built on Ethereum and fully backed 1:1 by Bitcoin held in Kraken Financial.

- **Transparency**: Kraken emphasizes on-chain verifiability for transparency.

- **Interoperability**: kBTC can be used in decentralized apps via OP Mainnet.

- **Security**: Audited by Trail of Bits for robust security.

What do you think about Kraken's move? Share your thoughts in the comments! 💬🔗

Read more: 21.co and Crypto.com team up to improve wrapped Bitcoin liquidity