Kraken Releases Own Crypto Wallet, Joining Competition With Coinbase, MetaMask [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
joining a saturated field that also includes major players like MetaMask, Ledger and Trezor. The new self-custodial “Kraken Wallet" is being releasing Wednesday and will be available to both Kraken users and non-users, CoinDesk is first to report. The wallet will initially support eight blockchains including Bitcoin, Ethereum, Solana, Optimism, Base, Arbitrum, Polygon and Dogecoin. According to a blog post shared with CoinDesk, the Kraken Wallet will be the first from a major exchange to be open-sourced. This means that developers can access and contribute to the code. Kraken will also pay developers that find vulnerabilities through their open-source grant program , so that they can improve the wallets in the event that there are bugs. The wallet will collect the “absolute minimum amount of data to function as a wallet,” according to Kraken, ticking off a privacy principle that is valued by many crypto users. “User activity is proxied through Kraken's own infrastructure, shield
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