Kraken Launching Its Own Wrapped Bitcoin Token, kBTC
In what is an important move for the cryptocurrency exchange, Kraken has announced it is launching its very own wrapped Bitcoin token, kBTC. Indeed, the debuting token is set to arrive on both Ethereum and the OP Mainnet, the exchange recently told CoinDesk. The move follows one taken by crypto exchange Coinbase earlier this year. They launched a similar offering that officially went live in early September. Moreover, these efforts seem to signal a growing demand for Bitcoin offerings, as the asset is looking to continue its 202 surge throughout October. Source: Forbes Also Read: SEC Lawsuit Against Kraken Crypto Exchange To Proceed to Trial Crypto Exchange Kraken Launching Wrapped Bitcoin Offering 2024 has been a massive year for Bitcoin already. In January, it became the first crypto-based ETF in the United States, catapulting to an all-time high of $73,000 just three months later. That is expected to continue with ‘Uptober’ upon us and the crypto market projecting yet another record