Kraken has launched a new Bitcoin vault product allowing users to earn returns on their holdings. The Kraken Earn BTC Vault saw significant interest, attracting $30 million in Bitcoin deposits from 4,000 unique wallets within its first 10 hours.

Crypto exchange Kraken recently introduced its new Bitcoin (BTC) vault product, named Kraken Earn BTC Vault. This service lets people earn extra returns, or yield, on their Bitcoin. This means users can potentially grow their crypto assets simply by holding them on the platform. The new vault quickly gained popularity, attracting substantial deposits. In its first ten hours, the Kraken Earn BTC Vault collected an impressive $30 million worth of Bitcoin. These deposits came from 4,000 different digital wallets, highlighting strong user adoption and demand for such earning opportunities in the crypto space.