Kraken Introduces Bitcoin Vault for Onchain Yield Strategies

Kraken has expanded its offerings with the introduction of a Bitcoin vault that allows holders to earn yields on their BTC through various onchain strategies.

The move is seen as an effort by the exchange to provide more value-added services to its users and increase adoption of Bitcoin.

Onchain yield strategies are a type of decentralized finance (DeFi) product that enable investors to earn returns on their holdings without relying on traditional financial institutions.