Kraken Crypto Exchange Wants To Develop Layer 2 Network, Ready To Cooperate With Polygon

The Kraken crypto exchange is a US crypto company founded in 2011. (Photo; Doc. Owltings)

JAKARTA - The leading crypto exchange from the United States, Kraken, plans to develop its own Layer 2 network solution. In an effort to improve its services, Kraken is now seeking partnerships with various technology companies, including Polygon, which is famous for its Ethereum scaling solution.

However, Kraken did not provide official confirmation regarding this plan. However, they are currently looking for a Senior Cryptography Engineer through job vacancies ads. The ads state that recruited individuals may be needed to design and implement Layer 2 solutions.

This recruitment effort shows Kraken's serious intention in expanding its offerings through the development of the Layer 2 network. If Kraken actually launches the Layer 2 network, they will join other crypto companies such as Coinbase, which launched the Base network in August 2023.

Base, built from the OP Stack by the OP Labs team, promises to increase transaction throughput and lower costs. The Base Network has been one of the most successful in the Layer 2 sector.

Although this plan is still under development, the crypto community's reactions are fairly diverse. Some see this step as Kraken's way of improving its operations and competing with rivals like Coinbase. While others consider that Layer 2 network already exists, and the move may not be necessary.

Kraken's final decision will be an important factor in their ability to follow the development trends of the crypto industry and meet the growing demands of consumers. Especially in terms of speed and efficiency.