Kraken Introduces New Wallet for Secure Asset Management
Kraken has recently rolled out the Kraken Wallet, adding to its product lineup.
This mobile wallet allows users to manage their digital assets across eight blockchain networks, including Bitcoin, Ethereum, Solana, Optimism, Base, Arbitrum, Polygon, and Dogecoin. It’s designed to offer users control over their assets without sacrificing convenience or security.
The Kraken Wallet serves as a versatile tool for DeFi activities and NFT management, distinguishing itself from other exchanges by its dedication to open-source development.
Kraken emphasizes security and privacy with the wallet, making its code available on GitHub for review by developers worldwide. The wallet does not collect excessive user information, ensuring privacy by refraining from gathering sign-in details, email addresses, or Know Your Customer (KYC) data. It also conceals user IP addresses and does not collect internal app performance analytics to prioritize trader privacy.
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Despite technical constraints with iOS’s CryptoKit, causing the wallet to function as a hot wallet, Kraken is actively working on solutions to enhance security without compromising user experience. The company’s focus on delivering an open-source mobile crypto wallet underscores its commitment to security, transparency, and user control.
Kraken’s approach reflects its dedication to balancing security considerations with providing a user-friendly platform, emphasizing the importance of maintaining both aspects for its customers’ benefit.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
