Kraken Wrapped Bitcoin
Provider 
Founded 2011
Sells To Consumers and Businesses
Pricing Model Cryptocurrency trading fees
Ownership Private equity-backed

Kraken Wrapped Bitcoin is a wrapped bitcoin token that tracks BTC value one-to-one on the Kraken platform.
Kraken Wrapped Bitcoin, or kBTC, is a wrapped bitcoin token issued by the Kraken exchange that mirrors the value of bitcoin on a one-to-one basis. It lets holders use bitcoin within onchain applications while redemption through Kraken returns the underlying asset.
The token is offered to Kraken clients as a way to move bitcoin value across supported networks and decentralized finance venues. Kraken operates the wrap and unwrap process on its platform.
Adds products that compete with one of Kraken Wrapped Bitcoin’s direct competitors but not with Kraken Wrapped Bitcoin itself. They are shaded, and Linked Through names the direct competitor each one competes with.
| Attribute | Kraken Wrapped Bitcoin | Coinbase Wrapped BTC | sBTC | Wrapped Bitcoin | |
|---|---|---|---|---|---|
| Linked Through | — | Direct competitor | Coinbase Wrapped BTC | Coinbase Wrapped BTC | |
| Provider | |||||
| Founded | 2011 | 2012 | 2013 | 2013 | |
| Sells To | Consumers and Businesses | Consumers, Enterprise | Developers | Financial Institutions | |
| Pricing Model | Cryptocurrency trading fees | Transactional | — | Transaction Fees | |
| Ownership | Private equity-backed | Public | Nonprofit | Public |
Provider 
Founded 2011
Sells To Consumers and Businesses
Pricing Model Cryptocurrency trading fees
Ownership Private equity-backed
Provider 
Founded 2012
Sells To Consumers, Enterprise
Pricing Model Transactional
Ownership Public
Linked Through Coinbase Wrapped BTC
Provider 
Founded 2013
Sells To Developers
Pricing Model —
Ownership Nonprofit
Linked Through Coinbase Wrapped BTC
Provider 
Founded 2013
Sells To Financial Institutions
Pricing Model Transaction Fees
Ownership Public


Wrapped Bitcoin is a Bitcoin-backed token used to represent bitcoin on other blockchain networks.

Wrapped Bitcoin is a Bitcoin-backed token used to represent bitcoin on other blockchain networks.

sBTC is a Bitcoin-backed asset on Stacks that lets holders use Bitcoin in on-chain applications.
