Reports from undisclosed sources suggest that Kraken, a prominent U.S.-based cryptocurrency exchange, is purportedly in talks with leading blockchain technology firms to potentially create its own layer 2 network. This strategic move mirrors the steps taken by its competitor, Coinbase, which recently unveiled its layer 2 network, Base.

Allegedly, Kraken is exploring potential partnerships with industry players such as Polygon, Matter Labs, and the Nil Foundation. However, these discussions have not been officially disclosed. When approached for comments, a Kraken spokesperson maintained a reserved stance, emphasizing the company's continual exploration of new industry possibilities and challenges.

Several major players in the cryptocurrency sector, leveraging their established user bases, have ventured into blockchain development. For instance, Coinbase rolled out Base, utilizing Optimism's OP Stack technology. Despite its recent launch, Base has demonstrated strong performance and currently holds a prominent position in terms of total value locked (TVL) within the Layer 2 landscape.

Kraken's prospective collaborations with Polygon, recognized for its Ethereum scaling solutions, and Matter Labs, the innovator behind the zkSync layer 2 network, reflect the exchange's growing interest in layer 2 solutions and on-chain scaling. This inclination is further evidenced by Kraken's recent job posting for a Senior Cryptography Engineer.