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Kraken launched kHYPE, a 1:1 custodial packaging for HYPE

2026-09-09 09:30:18

Cryptocurrency exchange Kraken announced that kHYPE is now live. kHYPE is a wrapped version of HYPE, fully backed by Kraken at a 1:1 ratio and can be verified on-chain.

This asset can be used in DeFi on the Ink chain and can be redeemed back to the original asset at any time.

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Kraken kHYPE HYPE Ink

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Data: Hyperliquid's cumulative auction expenditure reached 346,000 HYPE, approximately 27 million USD

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Kraken kHYPE HYPE Ink

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