Kraken Wallet Deletes Cardano and Prompts Reactions in the ADA Community

In the recent launch of its self-custodial crypto wallet, Kraken sparked a wave of dissatisfaction by not including support for Cardano (ADA). This decision has stirred up the cryptocurrency community, especially among ADA enthusiasts and investors, who are concerned about the future of cryptocurrency in the technological integration landscape.

The new “Kraken Wallet” arrived on the market with the promise of offering a simple and secure interface for managing crypto assets, initially supporting a variety of blockchains, including Bitcoin, Ethereum and Solana, among others. However, the absence of Cardano, one of the top cryptocurrencies by market capitalization, has raised questions about the choice of assets supported by the platform.

Influencer and well-known Cardano advocate ADA Whale expressed his displeasure and confusion with Kraken’s decision. “It remains a mystery to me how a network like Cardano continues to miss basic infrastructure integrations,” he commented. ADA Whale also questioned Kraken’s relationship with the Cardano community, asking: “What’s your problem with us?”

Just saw @krakenfx launch a wallet with support for Bitcoin, Eth, every VC chain under the sun and Doge. Kraken is one of the good ones, but still, it remains a mystery to me how a chain like Cardano with so much popular support keeps being missed out for such basic integrations

— ADA whale (@cardano_whale) April 18, 2024

Meanwhile, Cardano staking pool operator Rick McCracken suggested that the lack of integration may have more to do with outreach and engagement among stakeholders than intentional exclusion. “This thing clearly fell to the founding entities to get these folks involved to at least get the ball rolling for the last two years,” McCracken said. He further highlighted that with the launch of Cardano’s Voltaire self-governance model, responsibility for such integrations could eventually pass to the Cardano community.

Kraken, for its part, has not commented on the ADA delisting to date. This decision could have significant implications for the perception and usability of Cardano as a viable cryptocurrency for investors and users seeking an all-in-one wallet platform.

Disclaimer:

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.