<ul><li>Kraken has launched kBTC, a cross-network ERC-20 token backed 1:1 by Bitcoin for DeFi use on Ethereum and OP.</li><li>kBTC enables Bitcoin to be compatible with Ethereum and Optimism networks, expanding its use in decentralized finance (DeFi) applications.</li><li>The token is fully backed by 100 BTC, split 80% to Ethereum and 20% to OP Mainnet, ensuring transparency and secure custody.</li><li>Kraken plans to progressively add kBTC to more blockchain systems, increasing its compatibility and utility in the DeFi ecosystem.</li></ul>

Kraken Launches kBTC, Bringing Bitcoin to Ethereum and OP Mainnet

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