Kraken Bitcoin

The kBTC token lets you leverage the power of Bitcoin while interacting with Ethereum, OP Mainnet, and other growing DeFi ecosystems. Fully-backed. Fully exchangeable anytime.

## Overview Kraken Bitcoin (kBTC) is a bridge token that represents Bitcoin on Ethereum, Optimism, and other EVM-compatible blockchains. It allows Bitcoin holders to access decentralized finance applications without leaving their capital locked in a single-chain ecosystem. The token is issued by Kraken, a regulated cryptocurrency exchange, and maintains 1:1 backing with actual Bitcoin held in reserve. The core problem kBTC solves is liquidity fragmentation. Bitcoin exists primarily on its own network, which has limited smart contract functionality. Ethereum and layer-two networks offer robust