Kraken has launched its own wrapped bitcoin token (kBTC)! 🎉

- kBTC will be available on Ethereum and OP Mainnet.

- It will be supported by Paraswap and Morpho.

- Kraken Financial will store bitcoins and make the wallet address public.

Wrapped tokens allow unsupported crypto assets like bitcoin to be traded on DeFi platforms. Kraken aims to accelerate DeFi adoption.

Share your thoughts in the comments! 💬

#Kraken#Bitcoin#DeFi#Cryptocurrency #Blockchain