Kraken rolls out Bitcoin vault product for holders to earn yield
CoinTelegraph2h agoUpdated 1h ago
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Within the first 10 hours of launch, the Kraken Earn BTC Vault raked in $30 million worth of Bitcoin deposits from 4,000 unique wallets....
Key takeaways
- 1Kraken's Bitcoin vault product attracted $30 million in deposits from 4,000 wallets within 10 hours of launch.
- 2The non-custodial product offers 2.5% yearly yield by wrapping Bitcoin and deploying it across lending platforms.
- 3Kraken's stablecoin yield products have accumulated $245 million in deposits since January 2026 launch.
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Why it matters
This addresses growing Indian retail investor demand for passive income on crypto holdings while demonstrating institutional infrastructure improvements in Bitcoin yield generation. The rapid adoption signals market appetite for simplified, non-custodial earning mechanisms in the absence of native Bitcoin yield mechanisms.
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