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Briefly
- Bitcoin holders will be able to earn awards for Kraken’s exchange, the San Francisco company, based in California, said.
- Investors will be able to do so through Babylon’s investment protocol.
- The awards will be paid at Babylon’s birthplace for babies.
Kraken users will be able to stake their BitcoinAmerican giant Crypto Exchange announced on Thursday blog blog.
The San Francisco company, headquartered in California, said customers can lock their BTC on the platform and earn rewards as a children’s token thanks to Bitcoin Protocol, Babylon.
“A significant amount of bitcoin is not currently working on our exchange, which is a significant cost for clients and a missed opportunity for a wider ecosystem,” said Kraken Global Consumer Head of Mark Greenberg in the post. “With this launch, clients can now make a refund of their BTC, while allowing Blockchains to be used to benefit from the economic weight of Bitcoin to confirm transactions and strengthen the safety of their networks.”
A feature of BATC BTC will only be available in the United States (without California, Maine, Maryland, New York, New York, Washington and Wisconsin), the UK, Australia and the United Arab Emirates, Kraken said.
Last yearDecipheses reported This crypto startup Babylon raised money to enable Bitcoin investors to invest their property. It’s a baby Native project token.
Investment is the process of pledge Proof of role Coins or tokens into the network to help him function in exchange for rewards that could be raised in value.
Those who own property – like Ethereum or Saltworks– He brings him to the net by sending him to a particular Blockchain address. Stakari can then get prizes as long as they keep their property locked.
Bitcoin is not POS coin – the network uses a Proof of work Consensus for processing transactions on blockchain. But Babylon’s technology will allow Kraken to buy their BTC as collateral to ensure network evidence.
Kraken rode the back winds in recent months after the US Securities Commission lowered Making an action against him and two other crypto companies, Consensys, and Cumberland drw llc.
In April, Kraken began to offer shares and trading funds in certain countries and the Columbia district, adding traditional financial products with its basic commercial features.
Bitcoin was Recent trading About 104,300 dollars, roughly flat as the US celebrated a holiday from June.
Update (June 19, 2025, 16:51 et): Adds details to the title.
Edited by James Rubin
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