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Kraken Exchange introduces kHYPE for onchain collateral uses

Kraken Exchange introduces kHYPE for onchain collateral uses
Kraken Exchange launches kHYPE collateral

Kraken Exchange has launched kHYPE, a feature allowing users to keep their $HYPE tokens in Kraken custody while also utilizing them onchain.

In partnership with Nado, kHYPE can now also be used as collateral, expanding the utility of $HYPE tokens for users seeking new ways to engage with decentralized finance. This development marks a concrete expansion of Kraken Exchange's crypto offerings.

Kraken Exchange recently expanded its international presence after receiving full regulatory approval to operate in Dubai, enabling dirham funding and AED trading pairs through its Dubai market approval. The company has also diversified its retail offerings by launching the Kraken Card, which provides up to 2 percent cashback in Bitcoin and supports more than 600 cryptocurrencies, according to previous reports. These developments reflect Kraken's ongoing efforts to enhance its product suite and global reach.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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