Kraken Unveils Self-Custodial Mobile Wallet and Open-Source Code
Kraken, a prominent name in the crypto exchange realm, has unveiled its latest innovation: Kraken Wallet. This self-custodial mobile wallet, designed with simplicity, security, and robustness in mind, marks a significant stride towards wider crypto adoption.
Kraken Wallet is not just for Kraken clients; it serves as a gateway to the decentralized financial ecosystem for all. Supporting a diverse range of assets across eight prominent blockchains, including Bitcoin, Ethereum, and Solana, it offers users a seamless experience without compromising on security.
Privacy takes center stage with Kraken Wallet, as it collects only the essential data needed for functionality. The app shields users’ IP addresses and refrains from storing sensitive information like sign-in details or email addresses. Furthermore, Kraken’s industry-leading security measures ensure that users’ digital assets remain safeguarded at all times.
What sets Kraken Wallet apart is its commitment to transparency and community-driven development. It’s the first major exchange wallet to launch as open-source, inviting developers to contribute to its codebase and bolster its security. This move aligns perfectly with the ethos of decentralization and fosters trust within the crypto community.
Despite the challenges posed by iOS CryptoKit’s limitations, Kraken Wallet remains steadfast in its mission to provide a secure and user-centric experience. While the wallet operates as a hot wallet due to technical constraints, Kraken’s dedication to security and transparency shines through, assuring users of their funds’ safety.
