Kraken’s new blockchain, Ink, will simplify decentralized finance access, offering trading, lending and borrowing services without intermediaries.
Kraken, a centralized cryptocurrency exchange (CEX), plans to launch its own blockchain dubbed “Ink” in early 2025, focusing on decentralized finance (DeFi) applications.
According to a Bloomberg report, Ink aims to enable users to trade, borrow and lend tokens without intermediaries — taking a step away from the CEX’s current position in crypto and Web3.
The anticipated launch of Kraken’s blockchain aims to simplify the DeFi process for a broader audience and make it accessible and cost-effective for users.
