Cryptocurrency exchange Kraken has introduced kBTC, an ERC-20 token that is fully backed 1:1 by Bitcoin and securely stored on Kraken. 📈 Users can now check the reserves at any time using the data on the blockchain. kBTC is compatible with decentralized applications and runs on Ethereum and OP Mainnet, which opens up new opportunities for developers and investors.

The Kraken platform provides a high level of security and trust thanks to full reserves and a regulated structure. An external security audit from Trail of Bits confirmed the reliability of the kBTC smart contract. 🌐 This allows for the integration of Bitcoin into dApps and diversification of portfolios.