Kraken Unveils a New Wrapped Bitcoin Product—Here’s What It Means for Defi

Kraken has launched KBTC, a wrapped bitcoin merchandise afloat backed 1:1 by bitcoin and compatible with aggregate networks. KBTC aims to grow bitcoin’s usage beyond its autochthonal concatenation and into decentralized concern (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 […]