Bankless ••1 min read
Kraken Enters DeFi with 8% APY Earn App, Broadening User Access
DeFi yield opportunities are now available on Kraken, according to reports. The exchange is advertising an 8% APY Earn App, marking its entry into the decentralized finance space. This development makes DeFi yields more accessible to Kraken's user base. The move reflects a growing trend of centralized exchanges integrating with DeFi protocols to offer users new ways to earn passive income on their crypto holdings. The integration could potentially drive more adoption of DeFi strategies among mainstream crypto investors.
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