Kraken has launched the Krak application aimed at integrating digital and traditional assets. The app supports over 300 assets and seeks to modernize financial systems.
Overview of the Krak Application
Krak, developed under the leadership of Kraken co-CEO Arjun Sethi, is a comprehensive financial application. It aims to reshape outdated financial systems, providing new opportunities for transactions and asset optimization.
Features and Functionality
Krak supports over 300 digital assets, including major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). Users can make peer-to-peer and international payments using personalized tags, eliminating the need for traditional bank addresses. It also allows users to earn up to 10% rewards on specific assets.
Future Updates and Market Impact
With the launch of Krak, future updates may include virtual and physical cards, expanded lending services, and other offerings. The launch of Kraken is expected to significantly influence the financial ecosystem and create new opportunities for the use of digital assets.
The launch of the Krak application by Kraken indicates the company's ambitious plans for transforming financial systems. Given the backing of institutional investors and a modern approach, Kraken emerges as a significant player in the digital financial market.
