Kraken Introduces Bitcoin Deposits with 2.5% Yield

Kraken launches Earn BTC Vault with 2.5% yield for Bitcoin holders.

Kraken exchange has launched a non-custodial product, Earn BTC Vault, offering a 2.5% annual yield for Bitcoin holders. Within the first 10 hours, the service attracted approximately $30 million from 4,000 unique wallets. The income is generated through conversion into kBTC and deploying funds on DeFi platforms like Aave, Morpho, and Tydro.