Kraken is excited to announce that Kraken Wrapped Bitcoin (kBTC) is now live on Unichain, an Ethereum-based Layer 2 developed by Uniswap Labs.
Additionally, Unichain users and developers can now transfer ETH and USDT0 directly between Kraken and Unichain. The integration expands Kraken’s role as the liquidity hub for clients to seamlessly tap into multi-chain experiences.
What makes kBTC different?
Unlike many wrapped assets, kBTC is:
- 1:1 backed by Bitcoin held at Kraken Financial, a Wyoming-chartered SPDI
- Fully transparent, view our onchain proof of reserves anytime at https://kraken.com/kbtc
- Cross-Chain, now live across Ethereum, OP Mainnet, Ink and Unichain
Use it. Build with it. Verify it.
From DeFi primitives to cross-chain protocols, kBTC is ready to power new innovation, backed by Kraken’s 13+ years of security and infrastructure excellence. Here is our KBTC Unichain smart contract, and here’s our BTC custody address.
With kBTC, we’re bringing the power of Bitcoin to new networks, underpinned by the trust and security expertise Kraken has established over the last decade. We believe kBTC reinforces Bitcoin’s position as the epicenter of crypto, empowers crypto builders to explore new ways to use Bitcoin, and pushes the entire ecosystem forward.
Join us in this journey as we push the boundaries of what’s possible with Bitcoin, and ensure it remains the bedrock of the crypto industry for generations to come.
Ready to trade but don’t have a Kraken account yet? Sign up today!
Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply.
Custody services provided by Kraken Financial, a Wyoming-chartered Special Purpose Depository Institution. Kraken Financial is not an FDIC-insured bank and deposits are neither insured by nor subject to the protections of the FDIC.
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