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ARTICLE AD BOX
Alex Dovbnya
Kraken is set to follow Coinbase's suit by launching its own blockchain
Kraken, one of the most prominent cryptocurrency trading platforms, is on track to launch its own blockchain dubbed "Ink," according to a Thursday report by Bloomberg.
The exchange will follow in the footsteps of its archrival Coinbase, which released its Base blockchain to the public last August.
According to data provided by DefiLlama, Base is the fifth largest blockchain by total value locked (behind only Ethereum, Tron, Solana, and BSC).
Ink's testnet is supposed to kick off his year, according to the Bloomberg report. It will become available to the general public in Q1 2025.
Kraken, which was launched back in 2011, is, of course, one of the oldest cryptocurrency exchanges on the market.
About the author
Alex Dovbnya
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].
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