Kraken has made the source code of its new mobile wallet available on GitHub for increased security measures. The Kraken Wallet focuses on user privacy by minimizing the data collected from users.

This new addition to Kraken's product lineup allows users to manage their digital assets across eight major blockchain networks. The wallet gives users complete control over their assets without compromising on security.

Designed as a versatile tool for navigating the digital asset landscape, the Kraken Wallet supports NFTs and other DeFi activities. Kraken stands out from other exchanges by prioritizing open-source development in providing similar solutions.

To ensure the security and privacy of users, Kraken's open-source approach allows developers worldwide to review and enhance the wallet's code. By limiting data collection and concealing users' IP addresses, Kraken's wallet puts privacy first.

Despite its strong security features, the Kraken Wallet is considered a hot wallet due to limitations with iOS's CryptoKit. Nonetheless, Kraken continues to emphasize user privacy and security in its latest product offering.