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