Menu Close
Kraken

Kraken

Kraken News: Kraken Partners With Optimism For New Layer-2 Network

October 25, 2024

Kraken Unicorn News - October 25, 2024

Kraken, the sixth-largest cryptocurrency exchange, announces a partnership with Optimism to launch a new layer-2 network named Ink. Built on the Ethereum blockchain, this development aims to enhance scalability and innovation in the crypto space.

( 00:00:00 ) Introduction

( 00:00:33 ) Kraken Expands into Layer-2 Networks with Optimism Partnership

play
0:00 - 0:00

Kraken, one of the world's leading cryptocurrency exchanges, has announced the launch of its own layer-2 network, named Ink. This new network will be constructed on the Ethereum blockchain, leveraging the OP stack technology from Optimism. The OP stack is a framework that enables developers to create their own blockchains, enhancing scalability and efficiency. This strategic initiative by Kraken is aimed at positioning itself competitively in the layer-2 space, directly challenging other major platforms such as Coinbase's Base. The Ink network is anticipated to become operational in early 2025, representing a significant advancement in Kraken's growth strategy and its commitment to expanding its technological capabilities within the Ethereum ecosystem. This development underscores Kraken's dedication to providing innovative solutions and enhancing its service offerings in the rapidly evolving crypto market.

Empower Your Portfolio with Private Equity

Invest in Kraken

Disclaimer

Investing in private securities is speculative, illiquid, and involves risk of loss. An investment with Linqto is a private placement and does not grant or transfer ownership of private company stock. No guarantee is made that a company will experience an IPO or any liquidity event.

Linqto leverages advanced artificial intelligence (AI) technologies to generate Unicorn News to summarize updates about private companies. The news summaries and audio are both AI generated, based on the source(s) listed.