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 Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
