Kraken lists wrapped HYPE asset kHYPE, backed 1:1 by custodied HYPE

Odaily News: According to official Kraken announcements, Kraken has listed the wrapped HYPE asset kHYPE. kHYPE is a wrapped asset for HYPE, backed 1:1 by HYPE held in Kraken custody, with related reserves verifiable on-chain. Additionally, kHYPE can be used in DeFi applications on the Ink chain and supports redemption back to HYPE at any time.