Kraken Launches New Privacy-Focused, Open-Source Crypto Wallet

Introducing Kraken Wallet

Kraken, a leading U.S.-based cryptocurrency exchange, announced the launch of its new self-custodial 'Kraken Wallet,' joining the competitive market alongside Coinbase, MetaMask, and others. Set to release for Kraken users and the general public, the wallet supports a variety of blockchains such as Bitcoin and Ethereum, and emphasizes privacy and open-source development.

Privacy and Open-Source Focus

The Kraken Wallet is designed to collect minimal data, with user activity shielded via Kraken's infrastructure to protect identity and location information. Uniquely, it is the first major exchange's wallet to be open-sourced, inviting developers to contribute and enhance the platform, while rewarding those who uncover vulnerabilities.

The Bigger Picture for Kraken's Products

Following the FTX collapse and the rise of self-custody importance, Kraken continues expanding its product suite to bolster on-chain financial independence. Kraken Wallet embodies the crypto ethos of privacy and user control, as it commits to building a top-notch, secure, open-source crypto wallet.