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Kraken launches kBTC as competition heats up in wrapped Bitcoin market – TON BOT

TON BOT

Kraken launches kBTC as competition heats up in wrapped Bitcoin market

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Kraken has launched kBTC, a new fully-backed ERC-20 wrapped Bitcoin token, designed to enhance Bitcoin’s usability in DeFi. Each kBTC is backed 1:1 by Bitcoin stored in Kraken’s custody, with public verification. Amid rising competition, kBTC aims to promote global crypto adoption and interoperate across multiple blockchain ecosystems.

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