Half a billion deposits enter Kraken Exchange vaults in onchain milestone

Half a billion deposits enter Kraken Exchange vaults in onchain milestone
Kraken Exchange vaults top 500 million

Kraken Exchange has announced that deposits into its Vaults product have reached over 500 million dollars, highlighting a sharp increase in onchain earning activity among users.

This new milestone reflects growing institutional and individual interest in digital asset yield solutions as demand intensifies for secure earning platforms within the crypto ecosystem.

Earlier this year, Kraken reported over 100 million dollars deposited into its Bitcoin Vault as users sought a 2.5 percent APY. The exchange also introduced Auto Earn on $apxUSD, with yields boosted to 6 percent for Kraken Plus members, according to a recent product announcement. These developments have contributed to rising participation in onchain earning products on the platform.

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