Title: Kraken Unveils a New Wrapped Bitcoin Product—Here’s What It Means for Defi
Post by: Bitcoin on Oct 18, 2024, 06:15 am
Post by: Bitcoin on Oct 18, 2024, 06:15 am
Kraken Unveils a New Wrapped Bitcoin Product--Here's What It Means for Defi
Kraken has launched KBTC, a wrapped bitcoin product fully backed 1:1 by bitcoin and compatible with multiple networks. KBTC aims to expand bitcoin’s use beyond its native chain and into decentralized finance (defi) ecosystems. Kraken Introduces KBTC to Enhance Bitcoin’s Utility Across Networks Kraken’s KBTC is an ERC20 token that allows bitcoin (BTC) to interact […]
Source: Kraken Unveils a New Wrapped Bitcoin Product--Here's What It Means for Defi (https://news.bitcoin.com/kraken-unveils-a-new-wrapped-bitcoin-product-heres-what-it-means-for-defi/)
Kraken has launched KBTC, a wrapped bitcoin product fully backed 1:1 by bitcoin and compatible with multiple networks. KBTC aims to expand bitcoin’s use beyond its native chain and into decentralized finance (defi) ecosystems. Kraken Introduces KBTC to Enhance Bitcoin’s Utility Across Networks Kraken’s KBTC is an ERC20 token that allows bitcoin (BTC) to interact […]Source: Kraken Unveils a New Wrapped Bitcoin Product--Here's What It Means for Defi (https://news.bitcoin.com/kraken-unveils-a-new-wrapped-bitcoin-product-heres-what-it-means-for-defi/)