The American crypto exchange Kraken is going to launch its own blockchain called Ink in the first quarter of 2025. The test version of the network will be presented before the end of the year, the blockchain developers said.

Ink will be able to support over ten large applications – decentralized platforms and liquidity aggregators. Exchange representatives stated that Ink will not have a native token, and the network validators at the initial stage will only subordinate Kraken. Subsequently, the network is going to be made decentralized.

Through the launch of a new blockchain exchange Kraken plans to simplify the process of customer interaction with the decentralized finance market (DeFi). The apps will be available to retail and institutional users through Kraken Wallet, “designed in the Apple style.”

Blockchain Ink will help the exchange attract new clients, increase profits and seriously compete with crypto platforms Coinbase And Binancethe team believes Kraken.

Earlier, representatives of the South Korean concern Samsung announced the introduction of blockchain to increase the level of protection and security of its equipment with artificial intelligence (AI).