13.11.2023
Cardano interested in partnering with Kraken to develop L2
13.11.2023
Mirjan Hipolito
Cryptocurrency and stock expert

​Charles Hoskinson stated the significant prospects that will bring companies to cooperate with the Kraken crypto exchange in creating a Layer-2 network. 

On November 12, Hoskinson wrote that Cardano has a significant interest in partnering with Kraken, as the cryptocurrency exchange is looking for a blockchain development partner to help it build its L2 network. 

It was recently reported that Kraken is selecting a blockchain developer to implement its own plan to launch an L2 network. For the cryptocurrency exchange, launching a Layer-2 network is necessary to meet new challenges in the industry and is part of its growth strategy. 

Kraken is considering partnerships with blockchain developers such as Polygon and Matter Labs. Perhaps the crypto exchange will choose one of them. 

Against this background, Charles Hoskinson's statements were a hint that Cardano is not against becoming a partner of Kraken and has already taken the first step in this direction. 

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