Kraken Launches Open-Source, Self-Custodial Crypto Wallet [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
The self-custodial "Kraken Wallet" will be released on Wednesday, making it accessible to both Kraken users and non-users. The newly developed wallet will initially support eight prominent blockchains, including Bitcoin, Ethereum, Solana, and Dogecoin, among others. Notably, Kraken Wallet will be the first wallet from a major exchange to be open-sourced, allowing developers to access and contribute to the code. The exchange emphasized their commitment to support open-source contributors, stating that “it's at the heart of what crypto is all about: transparency, decentralization and community.” As an additional incentive, Kraken will reward developers who identify vulnerabilities through their open-source grant program, ensuring continuous improvement and bug fixes. Privacy-conscious crypto users will appreciate Kraken's commitment to data minimization. The wallet will only collect the essential information required for wallet functionality, and user activity will be routed through
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