Kraken rolls out Bitcoin vault product for holders to earn yield
Hex37's read
- Kraken launched a new Bitcoin vault product.
- The product allows holders to earn yield on their BTC.
- It attracted $30M in BTC deposits within 10 hours.
- 4,000 unique wallets participated in the launch.
What it means for traders
- Increased demand for BTC yield products could signal bullish sentiment.
- Observe if other exchanges follow suit, potentially increasing BTC utility.
Affected markets
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