News Explorer — Kraken Is Exploring Partnerships With Blockchain Firms to Launch Its Own Layer 2 Network

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Nov 7, 1:16 am

Coindesk

Kraken Is Exploring Partnerships With Blockchain Firms to Launch Its Own Layer 2 Network

Kraken, a major U.S. cryptocurrency exchange, is considering partnering with leading blockchain technology firms such as Polygon, Matter Labs, and Nil Foundation to launch its own layer 2 network. This move follows in the footsteps of rival Coinbase, which launched its own layer-2 network earlier this year. Kraken has posted a job listing for a Senior Cryptography Engineer with knowledge of layer-2 solutions, indicating its interest in exploring on-chain scaling solutions.

Kraken, a major U.S. cryptocurrency exchange, is considering partnering with leading blockchain technology firms such as Polygon, Matter Labs, and Nil Foundation to launch its own layer 2 network. This move follows in the footsteps of rival Coinbase, which launched its own layer-2 network earlier this year. Kraken has posted a job listing for a Senior Cryptography Engineer with knowledge of layer-2 solutions, indicating its interest in exploring on-chain scaling solutions.

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