Kraken To Launch DeFi-Focused ‘Ink’ Blockchain In Early 2025
Kraken, one of the leading centralized cryptocurrency exchanges, is set to launch its own blockchain, “Ink,” in early 2025.
What Happened: This new blockchain will focus on decentralized finance (DeFi) applications, aiming to offer users a streamlined platform for trading, borrowing, and lending tokens without relying on intermediaries, Bloomberg reported.
The move marks a significant shift for Kraken as it ventures further into the DeFi space, expanding beyond its centralized exchange roots.
Ink is expected to make the DeFi process more accessible and cost-effective for a broader audience, simplifying the user experience and lowering barriers for those looking to engage with decentralized services.
Kraken’s decision to build Ink follows in the footsteps of other prominent exchanges like Binance and Coinbase (NASDAQ:COIN), both of which have launched their own blockchains—BNB Smart Chain (CRYPTO: BNB) …
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