Kraken Wrapped HYPE KHYPE
KHYPE
86.21
$
2.32 %
Change 24h
Market Cap
$ 2,691,139
Volume 24h
$ 42,182
Circulating Supply
31,217
KHYPE
$
| # | Exchange | Pair | Price | Volume 24h |
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Description
kHYPE is a wrapped token issued by Kraken, backed 1:1 by native HYPE held in custody by Kraken Financial, a Wyoming-chartered SPDI (Special Purpose Depository Institution). Clients withdraw HYPE from Kraken as kHYPE on Ink, and can post it as collateral on Tydro to borrow USDC. Depositing kHYPE converts it back to HYPE 1:1. kHYPE is not tradeable on the Kraken exchange — the only way to acquire or exit it is via withdrawal/deposit.