Kraken Launches Non-Custodial Bitcoin Vault Product with Yield

Kraken, a leading cryptocurrency exchange, has introduced a new non-custodial Bitcoin vault product that enables holders to earn a yearly yield of 2.5%. The product, which was launched on May 28, 2026, has already seen significant interest from investors, with $30 million worth of Bitcoin deposits from 4,000 unique wallets within the first 10 hours of its launch.

The new product is designed to provide a simple way for Bitcoin holders to earn yield on their assets without having to engage in complex transactions or manage multiple wallets. To achieve this, Kraken has partnered with Veda, a provider of crypto yield infrastructure.

According to John Zettler, the product director at Kraken Earn, many Bitcoin holders on the platform have expressed interest in earning yield on their assets without having to sell them. The new product aims to address this demand by providing a secure and easy-to-use solution for earning yield on Bitcoin.