Kraken has introduced its new Bitcoin vault, allowing users to earn rewards on their BTC. This new service quickly attracted $30 million in Bitcoin deposits from 4,000 unique crypto wallets in just ten hours, showing strong interest from the Web3 community.

Kraken recently launched its new Bitcoin (BTC) vault, called Kraken Earn BTC Vault, a secure way for users to earn rewards on their cryptocurrency holdings. This new product lets people deposit their Bitcoin and gain extra value over time, similar to interest. The launch saw quick success, drawing $30 million worth of Bitcoin deposits within its first ten hours. These funds came from 4,000 different digital wallets, highlighting the high demand among crypto holders for safe and rewarding options to grow their assets on the exchange.