Kraken Migrates kBTC to Chainlink CCIP

Cryptocurrency exchange Kraken announced on May 14, 2026, that it will migrate its cross-chain infrastructure to Chainlink's Cross-Chain Interoperability Protocol, or CCIP, as the exclusive bridge for its wrapped Bitcoin token kBTC and all future wrapped assets.

The move ends Kraken's use of LayerZero technology and applies to transfers across Ethereum, Optimism, Ink, and Unichain, with additional networks to follow. Kraken stated that kBTC holders need take no action, as the exchange will handle the internal migration. Further details will appear on official Kraken channels. The token, which launched on Ethereum in October 2024 and maintains a market capitalization of around $260 million, represents Bitcoin held 1:1 in custody by Kraken.

Kraken cited CCIP's enterprise-grade security features as the key factor, including ISO 27001 and SOC 2 Type 2 compliance, a network of 16 independent node operators, native rate limits, and other risk management tools. "Together, Chainlink and Kraken can help accelerate the global adoption of crypto by unlocking utility and distribution for all Kraken Wrapped Assets across DeFi," the exchange said in its announcement on X.