Kraken Releases Own Crypto Wallet, Joining Competition With Coinbase, MetaMask
Summary
Kraken, the second-largest U.S.-based crypto exchange, has launched its own self-custodial wallet, supporting eight blockchains including Bitcoin and Ethereum. The wallet is open-source and prioritizes user privacy, shielding IP addresses and location information. Kraken aims to invest in the "your keys, your crypto" ecosystem and compete with major players like Coinbase, Binance, and OKX. This move follows Kraken's recent efforts to expand its product suite, including discussions about building its own layer 2 blockchain.
