Summary
- The global digital asset exchange Kraken has officially announced its integration of the INK token and Ink Layer 2 Network into its core product suite.
- Kraken stated that the adoption of INK is seen as part of its strategy to break down boundaries between centralized finance and decentralized finance (DeFi) and to build a new unified financial infrastructure.
- The INK token will mainly be used for liquidity provision in native applications and to incentivize user participation, and is expected to play an important role in Kraken’s trading and payment systems.
On the 24th (local time), according to the digital asset (cryptocurrency) media outlet The Block, the global digital asset exchange Kraken officially announced that it will integrate the INK token and Ink Layer 2 Network into its core product suite.
This is being carried out as part of 'Kraken Drops,' an airdrop program for Kraken users, and aims to increase the utilization of on-chain-based infrastructure.
The implementation of INK is regarded as part of Kraken’s strategy to break down the boundaries between traditional centralized finance and decentralized finance (DeFi) and to establish a new unified financial infrastructure.
The INK token is designed not as a speculative tool but to maximize network usage, and does not include governance functionality. Instead, it will be primarily used to provide liquidity to native applications (lending, trading, etc.) and to incentivize user participation.
Arjun Sethi, Kraken's Co-CEO, explained, "INK will help align infrastructure and standardize value transfer between on-chain and off-chain users," adding, "It will play an important role in Kraken’s trading and payment systems."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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