Inspired by the growing demand for user-controlled wallets, Kraken proudly presents the self-custodial ‘Kraken Wallet’ while sharing its codebase publicly for developers to explore.

Cryptocurrency exchange Kraken Kraken proudly introduces its self-custodial wallet, which, at its inception, provides support for various blockchain platforms, including Ethereum, Bitcoin, Dogecoin, and more.

Beyond merely supporting multiple blockchain networks, this wallet boasts features such as tracking investment portfolios, managing NFTs and DeFi assets, as well as gaining entry to a wide range of dApps.

Focusing on user confidentiality, the wallet is designed to limit data collection, especially steering clear of internal performance metrics. In addition, it will proxy user actions through Kraken's infrastructure to hide users’ IP addresses, ensuring their personal data remains secure. Kraken promises not to store any user emails, logins, or KYC information, prioritizing user privacy and fortifying security. An external audit has affirmed the wallet's security, conducted by Trail of Bits, a firm renowned for its blockchain auditing expertise.

It’s important to note that while the Kraken Wallet offers many advantages, it is classified as a hot wallet. This is due to the limitations of Apple's iOS CryptoKit, which does not support the secp256k1 elliptic curve, a key component for generating cryptographic keys and signing transactions. Bitcoin Kraken also highlights that the wallet is open-source, allowing developers to explore its functionality and contribute improvements. In addition, the company has announced plans for a reward system for developers who discover and report any vulnerabilities through an open-source grant.

In a bid to enhance its service portfolio, Kraken has recently introduced a new custody platform that enables the conversion of cryptocurrencies to fiat. The exchange also offers futures trading and derivatives for digital assets. As of March, Kraken held the position of the sixth-largest cryptocurrency exchange worldwide, with an impressive daily trading volume of roughly $965 million. In that same month, the total trade volumes in the spot market reached about $49.3 billion.

In the recent months, Kraken has been broadening its suite of offerings. They recently rolled out a new custody solution designed for institutions called Kraken Custody. Moreover, last year, Kraken engaged with multiple Layer 2 projects to assist in their development.

Kraken operates as a cryptocurrency exchange Please remember that the details shared on this page are not meant to serve as legal, tax, investment, or financial advice of any kind. It’s crucial to only invest amounts that you can afford to lose. Should you have any reservations, we recommend seeking advice from a qualified financial professional. For more insights, feel free to review the terms and conditions as well as the support resources available from the issuer or advertiser. At MetaversePost, we strive for accurate and unbiased reporting, though please be aware that market dynamics can shift rapidly.

Alisa, a passionate journalist at the Cryptocurrencylistings, specializes in cryptocurrency, investments, zero-knowledge proofs, and the vast universe of Web3. With her sharp perspective on emerging trends, she provides readers with in-depth analysis and insightful updates on the dynamic world of digital finance. offerings Blum is marking a milestone by celebrating its first anniversary at the Blockchain Forum 2025, honored with awards for 'Best GameFi App' and 'Best Trading App.' Layer 2 blockchain solution.