We look forward to announce that Kraken Rapped Bitcoin (KBTC) is live at Unichain, an Ethereum-based Layer 2 built for Defi.
Additionally, Unichain users and developers can now directly transfer ETH and USDT0 between Kraken and Unichain. Integration expands Kraken’s role as a liquidity hub for clients to seamlessly tap on multi-chain experiences.
What is the difference between KBTC?
Unlike many wrapped assets, the KBTC is:
- 1:1 backing By Bitcoin held at Kraken Financial, a signature SPDI in Wyoming.
- Completely transparentalways check out our on-chain proof reserves at https://kraken.com/kbtc
- Cross chainnow lives in Ethereum, OP Mainnet, Ink, Unicane
Please use it. So I’ll build it. I’ll check that.
From Defi Primitives to cross-chain protocols, KBTC is ready to step up new innovations, supported by Kraken’s over 13 years of security and infrastructure excellence. this is us KBTC Unichain Smart Contractand this is us BTC custody address.
KBTC brings the power of Bitcoin to new networks. This is based on the trust and security expertise Kraken has established over the past decade. KBTC believes it will strengthen Bitcoin’s position as Crypto’s epicenter, empowering Crypto builders to explore new ways to use Bitcoin, and pushing the entire ecosystem forward.
Join this journey to push the boundaries of what is possible with Bitcoin and make sure it remains the bedrock of the crypto industry for future generations.
Ready to trade, but don’t have a Kraken account yet? Sign up today!
Some crypto products and markets are unregulated and may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the CryptoAsset market can lead to losses of funds. Taxes may be paid for returns and/or increased value of crypto assets, and you must seek independent advice on your tax position. Geographical restrictions may apply.
A storage service provided by Kraken Financial, a Wyoming special purpose depository. Kraken Financial is not a FDIC insurance bank, and deposits are not insured and not covered by FDIC protection.
