Kraken Dons Lab Coat for INK Experiment—Free Tokens? 🤪

by

Crypto exchange Kraken is about to level up its game… or at least its LinkedIn. They’re slapping the INK token and Ink L2 protocols onto their trading platform, followed by a token airdrop that sounds suspiciously like a “free stuff” party. 🎉

Kraken to Partner with Ink Foundation—Because Why Not?

The integration, revealed July 24th (because who doesn’t love a good midsummer surprise), is all about the tech from the Ink Foundation. Kraken says this move is for “new onchain use cases”—which is crypto-speak for “we’re doing something that sounds fancy.” The INK token, from a subsidiary that’s probably in a different timezone, is meant for the Ink L2 ecosystem. Let the games begin! 🎲

Eligible users (aka those who haven’t sold all their crypto yet) will get INK tokens via Kraken’s “Drops” program. Details? Who knows. The announcement is as vague as a Monday morning meeting. 🤷‍♀️

Kraken co-CEO Arjun Sethi says the goal is to integrate “production-grade onchain systems”—which is code for “we’re not using Excel anymore.” The Ink L2 is a high-throughput, low-finality environment compatible with the EVM. Basically, it’s Ethereum’s cooler cousin who doesn’t care about your opinions. 💸

The Ink Foundation Board called this a “pivotal moment”—because nothing says “pivotal” like bridging CeFi and DeFi. They claim it’s a step toward “unified capital markets for all”—which is great, but can we get a step toward not losing all our money? 🤞

More details will come as each milestone is hit—because nothing says “trust” like a timeline as clear as a text message from your ex. INK is entering a crowded market, with rivals like Coinbase’s Base already ahead. But hey, at least Kraken’s not using a shark for their logo. 🦈

Read More

2025-07-24 23:32