Although launching without a native token, Ink will offer DeFi tools such as decentralized exchanges (DEX) and yield-generating platforms, accessible through the Kraken Wallet app.
Kraken, a major cryptocurrency exchange, is set to unveil its new blockchain platform, Ink, in early 2025. The initiative marks a strategic shift toward decentralized finance (DeFi), allowing users to trade, borrow and lend assets without intermediaries, a departure from Kraken’s traditional centralized operations. Ink aims to streamline DeFi access, making it more user-friendly and profitable.
The blockchain, inspired by similar efforts such as Binance’s BNB Smart Chain and Coinbase’s Base, will launch without a native token but will include DeFi tools such as decentralized exchanges (DEX) and yield-generating platforms, all accessible via the Kraken Wallet app. Kraken also plans to serve as Ink’s primary sequencer, handling network transactions and generating revenue, a model that has proven profitable for competitors.
Kraken introduced a derivatives trading platform in Bermuda on October 3, after receiving a Class F digital trading license from the Bermuda Monetary Authority in July. This expansion allows Kraken to provide digital asset wallet services, as well as futures and derivatives trading, with the aim of capitalizing on the growing market demand for these offerings.
