{"id":139980,"date":"2024-10-17T19:00:30","date_gmt":"2024-10-17T16:00:30","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139980"},"modified":"2024-10-17T17:21:57","modified_gmt":"2024-10-17T14:21:57","slug":"kraken-unveils-a-new-wrapped-bitcoin-token-for-defi-integration","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/kraken-unveils-a-new-wrapped-bitcoin-token-for-defi-integration\/","title":{"rendered":"Kraken Unveils a New Wrapped Bitcoin Token for DeFi Integration"},"content":{"rendered":"<p>This new token will be available on the <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a><\/strong> and <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/optimism-ethereum\/\">Optimism<\/a><\/strong> networks, with each kBTC representing one <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> held securely by Kraken.<\/p>\n<p>The <strong><a href=\"https:\/\/blog.kraken.com\/news\/kbtc\" target=\"_blank\" rel=\"nofollow\">introduction<\/a><\/strong> of wrapped tokens like kBTC enables Bitcoin and Ethereum to participate in decentralized finance (DeFi) activities, which typically occur on alternative blockchains. With this launch, Kraken aims to foster greater engagement with DeFi by allowing Bitcoin owners to trade, lend, and borrow without needing to sell their assets.<\/p>\n<p>Mark Greenberg, who oversees global asset growth and management at Kraken, expressed the firm\u2019s strong belief in the potential of on-chain finance, asserting that DeFi is crucial for future opportunities. He emphasized that kBTC continues Kraken\u2019s tradition of offering an excellent user experience while enhancing security, thereby attracting new users to decentralized applications.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/war-and-inflation-could-propel-bitcoin-prices-says-bitmex-co-founder\/\" title=\"War and Inflation Could Propel Bitcoin Prices, Says BitMEX Co-Founder\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-crypto-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">War and Inflation Could Propel Bitcoin Prices, Says BitMEX Co-Founder<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Kraken has assured customers that the Bitcoin supporting kBTC will be securely stored in a dedicated wallet through its US-regulated custody service, Kraken Financial. Users will have access to the wallet address, ensuring transparency about the full backing of kBTC with actual Bitcoin reserves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kraken, a prominent crypto exchange, has rolled out kBTC, its own version of wrapped Bitcoin.<\/p>\n","protected":false},"author":3,"featured_media":33520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-139980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kraken Unveils a New Wrapped Bitcoin Token for DeFi Integration<\/title>\n<meta name=\"description\" content=\"Kraken, a prominent crypto exchange, has rolled out kBTC, its own version of wrapped Bitcoin.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/kraken-unveils-a-new-wrapped-bitcoin-token-for-defi-integration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kraken Unveils a New Wrapped Bitcoin Token for DeFi Integration\" \/>\n<meta property=\"og:description\" content=\"Kraken, a prominent crypto exchange, has rolled out kBTC, its own version of wrapped Bitcoin.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/kraken-unveils-a-new-wrapped-bitcoin-token-for-defi-integration\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-17T16:00:30+00:00\" \/>\n<meta property=\"og:image\" 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