Cryptocurrency exchange Kraken has launched its tokenized Bitcoin! 🎉

- On October 17, Kraken unveiled Kraken Wrapped Bitcoin (kBTC), a token backed 1:1 by the Bitcoin they hold.

- The new ERC-20 token is compatible with both Ethereum and OP Mainnet.

- kBTC can be used in decentralized applications (DApps).

Kraken claims that this will strengthen Bitcoin's position and provide new opportunities for crypto developers.

We'll keep an eye on how this unfolds!