The U.S. exchange introduces Kraken Wallet: non-custodial, open-source, and respecting user privacy.
The U.S. exchange Kraken enters the non-custodial crypto wallet market with the introduction of Kraken Wallet.
Kraken Wallet will initially support eight blockchains: Bitcoin, Ethereum, Solana, Optimism, Base, Arbitrum, Polygon, and Dogecoin. The wallet is available for free download by any user.
Unlike Coinbase Wallet, Kraken Wallet is open–source, distributed under the MIT license. This allows external programmers to contribute to the code. Additionally, the exchange will establish a grant program to compensate developers who identify vulnerabilities in the wallet’s code.
Regarding privacy, according to information provided by Kraken, the wallet will collect the minimum amount of data necessary to operate, respecting user privacy. User activity will be managed through Kraken’s own infrastructure, protecting IP addresses and preventing user identity and location information from being exposed externally.
Eric Kuhn, Product Director for Kraken Wallet, said:
“Kraken has always recognized the importance of self-custody of one’s assets. We developed Kraken Wallet based on the core principles of the crypto space, such as user privacy and open-source code.”
