Kraken has announced Bitcoin Vault, a new product within Kraken Earn that allows customers to earn up to 2.5% in BTC-denominated rewards on their Bitcoin holdings.
Kraken has launched Bitcoin Vault, a new earning product designed for long-term Bitcoin holders to generate yield on their BTC holdings.
The product offers customers up to 2.5% in BTC-denominated rewards while maintaining custody of their Bitcoin. Bitcoin Vault is powered by Veda, with strategy design and risk curation handled by Sentora.
Bitcoin Vault is integrated into Kraken Earn, the exchange’s suite of yield-generating products for cryptocurrency holders. The product is designed to allocate customer Bitcoin to established onchain protocols while managing associated risks. Veda and Sentora provide the underlying infrastructure and risk management framework for the vault strategy.
This launch expands Kraken’s earning offerings beyond its existing USDC auto-earn product. The Bitcoin Vault product addresses demand from long-term Bitcoin holders seeking passive income on their holdings without requiring active trading or complex DeFi interactions. The product is available through Kraken’s platform.
Sources: Kraken Blog | Kraken Bitcoin Vault Product Page
