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Kraken Releases Own Crypto Wallet, Joining Competition With Coinbase, MetaMask

Kraken, the second-biggest U.S.-based crypto exchange, has developed its own wallet, catching up to its rival Coinbase in the product arena and joining a saturated field that also includes major players like MetaMask, Ledger and Trezor. The new self-custodial “Kraken Wallet" is being released Wednesday and will be available to both Kraken users and non-users, CoinDesk is first to report. According to a blog post shared with CoinDesk, the Kraken Wallet will be the first from a major exchange to be open-sourced. Kraken will also pay developers that find vulnerabilities through their open-source grant program, so that they can improve the wallets in the event that there are bugs.

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