Kraken Rolls Out a Self-custody Cryptocurrency Wallet
Kraken has launched its own digital wallet in alignment with competitors like Coinbase. Dubbed the “Kraken Wallet,” this self-custodial wallet will be available to both Kraken users and non-users starting Wednesday.
It supports eight blockchains, including popular ones like Bitcoin, Ethereum, Solana, and Dogecoin. What makes Kraken’s wallet stand out is that it is open-source, a first among major exchanges.
This means that developers can access and contribute to the wallet’s codebase. Furthermore, Kraken offers an open-source grant program to incentivize developers to identify and report security flaws and improve the wallet’s security.
Privacy is a key focus for Kraken’s wallet, as it only collects necessary data for its operation and uses its infrastructure to protect user activity.
