Bitcoin · Ethereum · Crypto Briefing
Kraken releases comprehensive wallet for onchain financial life
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The exchange's wallet now combines self-custody, DeFi vaults, tokenized assets, and payments into a single app experience.
Key facts
- Kraken Wallet first hit mobile devices on April 17, 2024, built as a self-custodial tool spanning Bitcoin, Ethereum, Solana, and over 12 networks
- The most notable of these is a Bitcoin Vault that pulled in roughly $400M in deposits by mid-2026
- The $400M in Bitcoin Vault deposits suggests Kraken’s bet is paying off
- In July 2026, Kraken acquired Magic Labs’ embedded wallet business, a move that fundamentally changed how users interact with the app
Summary
Kraken has been quietly assembling something that looks less like a crypto wallet and more like a full-stack financial operating system. Kraken Wallet first hit mobile devices on April 17, 2024, built as a self-custodial tool spanning Bitcoin, Ethereum, Solana, and over 12 networks. But the real acceleration came later. The result: as of mid-2026, the Kraken app supports trading of over 2,500 verified Solana tokens through embedded wallets.