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Kraken contributed $ 250,000 to the ETH 2.0 project

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Kraken contributed a significant amount of $ 250,000 to support the ETH 2.0 project. This financial assistance is intended in particular for the continuity and continuation of technical improvements in progress.

Deserved support for ETH 2.0

Kraken CEO sees huge potential in Ethereum’s expected transition to the Proof-of-Stake model. According to him, it is very important that everyone is involved in supporting the ETH 2.0 project.

“We believe it is our responsibility to invest in open-source developers working to develop a new generation of cryptocurrencies. We are excited to work with the ETH Foundation to ensure that developers receive funding from stakeholders in a variety of areas. ”

A new generation of cryptocurrencies

One of the most anticipated events in the crypto world is undoubtedly the launch of the ETH 2.0 network. However, we also seem to see a slight delay. There is a lot of work and little time in the game. According to the latest statements, the developers are in full swing.


Financial support from the Kraken Exchange comes at the best possible time. These funds should be divided into individual development teams.

Aya Miyaguchi, Executive Director of the ETH Foundation, also contributed:

“This joint effort to support individual teams and developers is a great example for the entire crypto community.”

Kraken is known for its generous donations to crypto institutions. The last significant support from the exchange was the enriched Gitcoin project.

Kraken – review and guide

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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