Kraken plans to launch its own blockchain, named Ink, in early 2025, focusing on decentralized finance (DeFi) applications. Ink aims to facilitate token trading, borrowing, and lending without the need for intermediaries, moving away from Kraken's centralized exchange model. The blockchain's introduction is poised to simplify access to DeFi for a broader audience and enhance cost-effectiveness. Kraken's strategy follows successful examples from other exchanges, such as Binance and Coinbase, which have adopted similar blockchain initiatives. While there are no plans to issue a native token for Ink, the exchange will integrate various DeFi tools, including decentralized exchanges (DEXs) and yield-generating platforms within its Kraken Wallet app. The blockchain will feature a developer testnet in 2024, allowing experimentation with decentralized applications (DApps) before the full launch. Additionally, Ink will generate revenue as its sequencer, managing network transactions, mimicking the profitable models of other exchanges. The launch is expected to feature over a dozen DApps, with plans to incorporate real-world assets and expand lending platforms in the future.

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