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Kraken switches cross-chain provider from LayerZero to Chainlink\'s CCIP

U.S. cryptocurrency exchange Kraken has switched its cross-chain provider from LayerZero to Chainlink\'s Cross-Chain Interoperability Protocol (CCIP), Cointelegraph reported on Thursday. Kraken plans to apply CCIP as its dedicated cross-chain infrastructure for Kraken Wrapped Bitcoin (kBTC) and all future wrapped tokens. It cited security and risk management, pointing to features such as verification, default security design, 16 independent nodes and native rate limits.