Kraken adds a deposit route that connects directly to another exchange

Mesh handles the connection, with Coinbase supported first.

Capvise MediaEvent 13 Aug 2026Published 15 Oct 20261 min read

A Bitcoin transaction from Kraken displayed beside a Ledger hardware wallet. — Photo: A Bitcoin transaction from Kraken to a Ledger wallet; it predates Kraken Mesh and does not depict ERC-7730 clear signing. Credit: FlippyFlink; An actual Bitcoin transaction from the Kraken cryptocurrency exchange to a hardware LedgerWallet.jpg; CC BY-SA 4.0; cropped/resized and converted to WebP. · CC BY-SA 4.0 · Resized for web delivery

Kraken adds a deposit

Kraken announced a Mesh-powered deposit option on 13 August. Instead of copying a wallet address into another exchange, users can select Another exchange, connect their account and confirm a transfer. At launch the website supports Coinbase, depending on local availability, with more exchanges and mobile support planned.

Mesh’s SmartFunding can convert other holdings at the sending exchange when the selected token balance is insufficient. That convenience can involve trading, conversion or network fees from the other platform, even though Kraken says it charges no fee for this connection. The transfer still goes on-chain to the Kraken deposit address. The feature changes the interface around a deposit, rather than making network choice and transaction terms irrelevant.