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via Decrypt · By Decrypt Editorial
Kraken to Migrate Wrapped Bitcoin Tech to Chainlink as LayerZero Exodus Expands
BTC
BTC/USDT
$62,774.83
-2.04%
$62,774.83
-2.04%
(24s)24h Volume
$18,340,142,781.30
24h H/L
$64,095.55 / $61,938.00
Change: $2,157.55 (3.48%)
Long/Short
67.2%
Long: 67.2%Short: 32.8%
Funding Rate
+0.0028%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(06:09 PM UTC)
1 min read
1156 views
0 commentsIn brief
- 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…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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