Kraken eyes DeFi expansion with launch of Ink, its new Ethereum layer-2 network

Kraken eyes DeFi expansion with launch of Ink, its new Ethereum layer-2 network
фото показано с : cryptoslate.com

2024-10-24 18:42

Crypto exchange Kraken announced the upcoming launch of Ink, an Ethereum layer-2 network based on the Optimism Superchain, in an Oct. 24 statement.

Ink aims to empower users to trade, borrow, and lend tokens without the need for intermediaries, marking a significant shift from Kraken’s current centralized exchange model.

Ink founder Andrew Koller said:

“Ink will work closely with developers and the community to create a compelling ecosystem for all. We’re excited to accelerate the move onchain with an interoperable L2 that will make it even more seamless for crypto users to access DeFi. Ink the future.”

The network plans to launch its testnet for developers later this year, with a full rollout for retail and institutional users anticipated in the first quarter of 2025.

Why Optimism Superchain?

Kraken stated that its choice of the Optimism Superchain would allow it to benefit from Ethereum’s robust security. This would also position Ink as part of the Superchain — a unified network of blockchains that shares security, governance, and values designed to enhance Ethereum scalability.

Meanwhile, the exchange decision aligns with the growing trend among major crypto firms, including Coinbase, Uniswap, and World, which leverage this technology for their layer-2 networks.

Optimism Unlimited Chief Growth Officer Ryan Wyatt commented:

“Optimism’s technology powers the Superchain, and nearly 50% of all Ethereum L2 transactions. As part of this Superchain ecosystem, Ink will contribute to Optimism governance and drive revenue back to the Optimism Collective as we work together to scale Ethereum.”

Despite this significant adoption of Optimism technology, Arbitrum remains the dominant layer-2 network, according to DeFillama data.

Kraken’s expanding product portfolio

The launch of Ink complements Kraken’s expanding range of products aimed at solidifying its industry position.

This month, the exchange introduced kBTC, a new wrapped Bitcoin product designed to enhance the top crypto availability in DeFi activities. The firm stated that each kBTC is securely backed 1:1 by an equivalent amount of Bitcoin held in its custody.

Further, Kraken also announced the integration of  EigenLayer to allow its users to restake their ETH directly from its platform.

In addition, Kraken has launched a derivatives trading platform in Bermuda following the acquisition of a Class F Digital Business License from the Bermuda Monetary Authority (BMA).

The post Kraken eyes DeFi expansion with launch of Ink, its new Ethereum layer-2 network appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Kraken (KRAK) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 KRAK

kraken ink layer-2 network ethereum exchange launch

kraken ink → Результатов: 4


Фото:

Crypto exchange Kraken plans to launch its own blockchain network in 2025

Kraken, one of the world’s leading cryptocurrency exchanges, has announced its plans to launch its own blockchain network, dubbed “Ink,” by early 2025. The San Francisco-based company is positioning this new initiative as a solution to make decentralized finance (DeFi) more accessible to both retail and institutional users. The move comes as part of a […]

2024-10-24 19:14