We’re excited to announce the launch of Bitcoin Vault, a new product within Kraken Earn designed to help customers put their Bitcoin to work in a simple and trusted way. Built for long-term Bitcoin holders, Bitcoin Vault enables customers to earn up to 2.5% in BTC-denominated rewards while holding Bitcoin.

Bitcoin Vault is powered by Veda with strategy design and risk curation by Sentora. Their platforms are designed to manage risks and allocate the vaults to well-known onchain protocols like Aave, Morpho, Tydro and more. It is designed to make earning on Bitcoin more accessible, whether someone already holds Bitcoin with conviction or is just starting to build a long-term position.

For many investors, Bitcoin is an asset they plan to hold forever and the Bitcoin Vault is built around that behavior. Instead of introducing more complexity, Kraken offers a more intuitive path: hold Bitcoin, earn rewards in BTC and manage it directly from a Kraken account.

“Many Bitcoin holders on Kraken have made it clear they want simple ways to earn on the Bitcoin they already plan to hold,” said John Zettler, Director of Product, Kraken Earn & Trade. “Bitcoin Vault is built for that mindset. It gives customers a way to earn rewards on their Bitcoin through an experience that is easy to access and grounded in the trust Kraken has built over time.”

Bitcoin Vault extends Kraken Earn with a product focused on what matters most to long-term holders: security, ease-of-use and transparency. Customers can get started in seconds from within their Kraken or Krak accounts, through an experience designed to feel straightforward for newer users while still meeting the expectations of more experienced holders.

Bitcoin ownership is evolving beyond simple buy-and-hold behavior. Customers increasingly want ways to earn on Bitcoin without adding complexity. Bitcoin Vault is designed to meet that demand. We have already seen strong demand for simpler earning products, with its flagship USDC Vaults product surpassing $240 million in assets through organic, zero-incentive growth since launching in January.

With Bitcoin Vault, we aim to serve both existing customers and Bitcoin holders outside the platform who are looking for a trusted place to consolidate holdings and earn rewards.

Bitcoin Vault is now available through Kraken Earn — via Kraken web, Kraken Pro web, Kraken app, Kraken Pro app or the Krak app — everywhere Kraken operates except the UK, UAE, and Australia.

Rewards are variable and not guaranteed; you can lose some or all of your assets. Interacting with onchain smart contracts involves risks which are further detailed in the terms of service (including bugs, exploits, and oracle/MEV/bridge failures), market risk (price volatility, de-pegs, and liquidation where relevant), and operational risk (irreversible transactions, gas fees, network congestion). Kraken does not control third-party protocols. Offered by Payward Wallet, LLC. Fees apply. Availability varies by jurisdiction.

APY is variable and not guaranteed; there is a risk of loss. Onchain interactions involve technological, market, and operational risks (see Terms of Service). Kraken does not control third-party protocols.

Defi Earn and Bitcoin Vault are unregulated products and are provided by Payward Wallet, LLC. Fees apply. Geo restrictions apply.