What is the wallet service provided by Kraken exchange?

Kraken exchange offers a wallet service as part of its cryptocurrency trading platform. This digital wallet allows users to store various cryptocurrencies securely within their Kraken account. It facilitates the deposit, withdrawal, and storage of digital assets, enabling traders to manage their portfolios efficiently. When users buy or sell cryptocurrencies on Kraken, the associated funds are automatically added to or deducted from their Kraken wallet. The service is designed to provide convenience and security for traders who wish to engage with the cryptocurrency market, without needing to transfer their assets to external wallets unless they choose to do so for additional security or other personal preferences.