We are excited to announce the launch of Bitcoin Vault, a new product within Kraken Earn designed to help customers use their Bitcoin simply and reliably. Designed for long-term Bitcoin holders, Bitcoin Vault allows customers to earn up to 2.5% BTC-denominated rewards while holding Bitcoin.
Bitcoin Vault is powered by Veda with strategy design and risk management by Sentora. Their platforms are designed to manage risk and allocate 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 this behavior. Instead of introducing more complexity, Kraken offers a more intuitive path: hold Bitcoin, earn BTC rewards, and manage it directly from a Kraken account.
“Many Bitcoin holders on Kraken have made it clear that they want easy ways to make money with the Bitcoin they already plan to hold,” said John Zettler, chief product officer at Kraken Earn & Trade. “Bitcoin Vault is designed for this mindset. It offers customers a way to earn rewards on their Bitcoin through an easy-to-access, trust-based experience that 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 their Kraken or Krak account, with an experience designed to be simple for new users while meeting the expectations of more experienced owners.
Bitcoin ownership is evolving beyond simple buy-and-hold behavior. Customers increasingly want more ways to make money with Bitcoin without adding complexity. Bitcoin Vault is designed to meet this demand. We’ve already seen strong demand for simpler revenue products, with its flagship USDC Vaults surpassing $240 million in assets through organic, unincentivized growth since its launch in January.
With Bitcoin Vault, we aim to serve both existing customers and Bitcoin holders outside of the platform who are looking for a trusted place to consolidate their holdings and earn rewards.
Bitcoin Vault is now available through Kraken Earn – via Kraken Web, Kraken Pro Web, Kraken app, Kraken Pro app or Krak app – wherever Kraken operates except the UK, UAE and Australia.
Rewards are variable and not guaranteed; you may lose some or all of your assets. Interacting with on-chain smart contracts involves risks that are more detailed in the terms of service (including bugs, exploits and Oracle/MEV/bridge failures), market risk (price volatility, unpegging and liquidation where applicable) 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.
The APY is variable and not guaranteed; there is a risk of loss. Chain interactions involve technological, market and operational risks (see Terms of use). Kraken does not control third-party protocols.
Defi Earn and Bitcoin Vault are unregulated products and are provided by Payward Wallet, LLC. Fees apply. Geographic restrictions apply.
