Kraken Plans to Launch an L2 Network
Main page Technologies, Cryptocurrency Exchanges, Kraken

Cryptocurrency exchange Kraken is negotiating with Polygon, Matter Labs and the Nil Foundation in order to launch a second-tier solution.

Coinbase rolled out Base, a similar solution in August that has helped it diversify its revenue streams, CoinDesk has reported.

Kraken reportedly intends to use Optimism's OP Stack in this new solution.

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According to a platform representative, the exchange wants to solve new industry challenges:

"We are enthusiastic about open source, layer-2 technologies, zero-knowledge proofs, multi-party computation, and continuously strive to explore the potential of on-chain scaling solutions."

Kraken is currently looking to hire a senior crypto engineer who will be responsible for, among other things, "design and implementation of L2 solutions."

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