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Market
How many Ethereum projects will integrate kBTC by December 31, 2024?
3
Resolution / Starting Odds
Less than 10 • 25%
10-20 • 25%
21-30 • 25%
More than 30 • 25%
Official announcements from Ethereum-based projects or platforms like GitHub with integration details
Story
Kraken Launches kBTC, a Fully Backed ERC-20 Wrapped Bitcoin with On-Chain Verification on Ethereum and Optimism
Oct 17, 2024, 12:38 PM
Kraken, the cryptocurrency exchange serving over 10 million users worldwide, has launched its own wrapped Bitcoin token called kBTC. The ERC-20 token is fully backed 1:1 by Bitcoin held securely and transparently by Kraken, with backing verifiable through on-chain verification. kBTC is designed for cross-network compatibility and will be available on the Ethereum network and Optimism Mainnet, bringing Bitcoin liquidity to the Ethereum ecosystem. The introduction of kBTC offers more possibilities and functionality for users seeking to utilize Bitcoin within the Ethereum ecosystem.
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Less than $50 million • 25%
$50 million to $100 million • 25%
$100 million to $200 million • 25%
More than $200 million • 25%
Equal to Bitcoin • 25%
1% to 5% higher • 25%
1% to 5% lower • 25%
More than 5% difference • 25%
0-2 protocols • 25%
3-5 protocols • 25%
6-8 protocols • 25%
More than 8 protocols • 25%
0 • 25%
1 • 25%
2 • 25%
3 or more • 25%
Below $1.5 billion • 25%
$1.5 billion to $2 billion • 25%
$2 billion to $3 billion • 25%
Above $3 billion • 25%
Yes • 50%
No • 50%
1-2 • 25%
3-4 • 25%
5-6 • 25%
More than 6 • 25%
0-2 platforms • 25%
3-5 platforms • 25%
6-8 platforms • 25%
More than 8 platforms • 25%