Kraken launches Bitcoin Vault for US users with up to 2.5% APY on BTC

Kraken launched its Bitcoin Vault on May 27, 2026, offering US bitcoin holders up to 2.5% APY in auto-compounding BTC rewards while maintaining BTC price exposure. The product wraps deposits into kBTC and deploys them through DeFi strategies involving Aave and Morpho, with withdrawals subject to a five-day deallocation period. Kraken says yields are variable and users may face partial or total loss under DeFi-related risks.