- Kraken migrates to Chainlink with all current and future Kraken Wrapped Assets using CCIP.
- Kraken notes that Chainlink meets all its security and risk management requirements.
Chainlink is on a hot streak in adoption, with Kraken, a leading crypto exchange, becoming the latest institution to adopt its technology. The exchange has confirmed that it is deprecating its existing cross-chain provider and migrating to Chainlink Cross-Chain Interoperability Protocol (CCIP).
Kraken is deprecating its existing cross-chain provider and migrating to @Chainlink CCIP as its exclusive cross-chain infra to secure Kraken Wrapped Bitcoin (kBTC) & all future Kraken Wrapped Assets.
Kraken chose Chainlink CCIP because it offers enterprise-grade infrastructure…
— Kraken (@krakenfx) May 14, 2026
Starting with Kraken Wrapped Bitcoin, all current and future wrapped assets will be issued exclusively through CCIP, according to the exchange. It further notes that its decision to migrate to Chainlink resulted from a long review that revealed CCIP offers enterprise-grade infrastructure with strict security and risk management requirements.
The exchange highlighted some of the key features, including secure-by-default infrastructure and institutional certifications (ISO 27001 and SOC 2 Type 2). Additionally, the network employs 16 independent nodes and native rate limits.
Asset safety has been a hot-button issue in recent weeks, after the $300 million KelpDAO exploit. As ETHNews reported, LayerZero took accountability for the exploit. This event has led numerous protocols and institutions to conduct extensive reviews of their security measures. In the days that followed the exploit, leading protocols with more than $3 billion in combined TVL have migrated to Chainlink technology, as ETHNews reported.
Crypto exchanges have also entered the fold, with Kraken taking the lead. Notably, Kraken also uses LayerZero, and although the platform has taken concrete steps to improve its security, its fallout continues to spread. The latest switch will see roughly $300 million move into Chainlink with more assets to come.
Kraken notes the partnership could help accelerate growth, saying:
“Together, Chainlink and Kraken can help accelerate the global adoption of crypto by unlocking utility and distribution for all Kraken Wrapped Assets across DeFi.”
The move has demonstrated Kraken’s commitment by prioritizing security over convenience. This is important for institutional investors who are increasingly getting exposure to the crypto market.
Chainlink’s influence is growing, with the protocol becoming the backbone for securing high-value assets in web3. On-chain data shows that CCIP processed $18 billion in cross-chain volume in the first quarter of the year. This is set to grow as a considerable number of networks have joined in the last few months.
Chainlink (LINK) Eyes $12 if Support Holds
Chainlink’s LINK coin continues to struggle below its $10 psychological level. LINK is trading at $10.26 at the time of writing, with the latest adoption by Kraken having little effect on the price.
Although prices have been stagnant, interest in the coin has been evident. Since the launch of Chainlink spot ETFs earlier this year, they have yet to post net outflows, a sign of great institutional demand. If the situation persists, analysts argue it will lead to a supply squeeze that will drive prices much higher.
Earlier this week, technical analyst Ali Charts noted that the coin was forming an ascending triangle, suggesting a surge to $12.42 as long as $10.08 holds as support.
Chainlink $LINK appears to be breaking out of an ascending triangle, projecting a move toward $12.42 as long as $10.08 holds as support. pic.twitter.com/aKmlvHplEM
— Ali Charts (@alicharts) May 12, 2026
