Crypto Exchange Kraken Plans to Launch Own Blockchain Next Year

One of world’s oldest crypto exchanges, Kraken, plans to launch a blockchain early next year for decentralized applications that allow for trading, borrowing and lending of tokens without intermediaries.

Called Ink, the new digital ledger will use similar technology to Coinbase Global Inc.’s Base. Since its debut more than a year ago, Base has become one of the largest DeFi platforms. A so-called testnet, where developers will be able to try apps for Ink, will start later this year, and the blockchain is expected to become open to retail and institutional users in the first quarter, Andrew Koller, ...