Kraken, a popular crypto exchange, has recently introduced its own version of Wrapped Bitcoin token. This new token allows users to easily trade Bitcoin on the Ethereum network. The launch of this token by Kraken is expected to provide more flexibility and accessibility for users who want to trade Bitcoin in the decentralized finance (DeFi) space. This move by Kraken demonstrates the growing trend of crypto exchanges expanding their services and offerings to cater to the evolving needs of the market.