Kraken’s new non-custodial Bitcoin vault surpasses $30 million in deposits as stablecoin yield products near $245 million.
Kraken’s newly launched Bitcoin yield product secured $30 million in deposits from 4,000 unique wallets within 10 hours. The product converts Bitcoin to Kraken Wrapped Bitcoin (kBTC), which is then allocated across crypto lending platforms like Aave and Morpho to generate yield.