Kraken to Launch Ink Blockchain Early Next Year, Full Launch in 2025

Oct 24, 2024, 01:15 PM

Crypto exchange Kraken, one of the largest crypto exchanges globally, has announced plans to launch its own blockchain, named Ink, early next year. The new blockchain will utilize similar technology to Coinbase Global Inc.'s Base and will be hosted on Optimism's layer-2 network. Ink aims to facilitate decentralized applications for trading, borrowing, and lending of tokens without intermediaries. This move is seen as a significant step in enhancing the infrastructure within the cryptocurrency space, with a full launch expected in 2025.