Kraken to Migrate Wrapped Bitcoin Tech to Chainlink as LayerZero Exodus Expands

BTC

BTC/USDT

$84,757.88

+1.72%

$84,757.88

+1.72%

(24s)

24h Volume

$19,027,761,702.55

24h H/L

$84,942.45 / $83,327.60

Change: $1,614.85 (1.94%)

Long/Short

56.8%

Long: 56.8%Short: 43.2%

Funding Rate

+0.0020%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,644.26

▲ 0.28%

Volume (24h): -

Resistance Levels

Resistance 3$99,648.20

Resistance 2$94,549.91

Resistance 1$85,369.74

Price$84,644.26

Support 1$84,364.01

Support 2$81,859.10

Support 3$77,001.87

Pivot (PP):$84,075.87

Trend:Uptrend

RSI (14):66.0

Decrypt Editorial

(06:09 PM UTC)

1 min read

Kraken will migrate its wrapped Bitcoin product, kBTC, from LayerZero to Chainlink's interoperability protocol.
The asset maintains a market cap of more than $260 million, and Kraken said it will use Chainlink for future wrapped assets, as well.
LayerZero admitted it "made a mistake" with Kelp DAO's setup, which was exploited for $292 million in April.

Crypto exchange Kraken is the…