Kraken launches self-hosted Web3 wallet! The first release is an open source wallet

Yesterday’s announcement from the old American exchange Kraken showed that the company has launched a self-hosted wallet Kraken wallet, which supports users to use eight blockchains including Bitcoin without switching, which is safe and secure. Store their tokens, NFTs and DeFi assets efficiently. At the same time, it even released the open source code of the App.

Kraken launches Web3 wallet

As various centralized exchanges (CEX) have successively launched their own self-hosted wallets, Kraken is not lagging behind. The recently launched Kraken wallet can already be purchased on the AppStore Find him on.

Supports multi-chain, smooth experience

The article published by Kraken writes that Kraken Wallet will allow users to trade in various currencies including Bitcoin (Bitoin) and Ethereum. Interact on eight blockchains including Ethereum, Solana, Optimism, Base, Arbitrum, Polygon and Doge without having to switch networks: Kraken Wallet’s exquisite user interface design will provide users with more information about cryptocurrencies, NFTs and Storage and management options for DeFi assets.

At the same time, the wallet also integrates Wallet Connect, allowing users to enter various DApps smoothly.

Focus on privacy and security

In terms of user privacy, Kraken emphasizes that the wallet rarely collects user data, and user activities are proxyed through Kraken's own infrastructure to protect users. IP addresses and identity data were exposed: Kraken Wallet does not collect user login information, email addresses, or even performance analysis of the App itself.

In addition, Kraken Wallet also has biometric and user password protection functions. If you have any questions, you can consult 24-hour customer service at any time.

The first release is an open source wallet

Finally, Kraken also emphasized that as a platform that values ​​user security the most, all codes of Kraken wallet have passed the Trail of Bits review and have even been published on GitHub available for review by other third parties: Why open source? Because it is the core concept of encryption technology: transparency, decentralization and community. Our products wouldn't be possible without these passionate open source developers.

And added, "This is also the reason why we launched the open source funding program. This is a great job. Kraken will continue to support the open source community, and Kraken wallet has further fulfilled this commitment."

Exchanges are rushing into the self-hosted wallet market

As global regulatory agencies gradually strengthen law enforcement actions against centralized exchange activities, many exchanges have turned to launching self-hosted wallet services, such as Binance, OKX, Coinbase and Bitget, etc.; in order to provide users with higher autonomy and privacy protection, while reducing dependence on supervision.

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