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Kraken Reintroduces Staking Services in U.S.
After a brief hiatus, Kraken has relaunched its cryptocurrency staking services for U.S. clients in 37 states and two territories, allowing users to participate in bonded staking and earn rewards. This move comes after the company settled with the Securities and Exchange Commission (SEC) in 2023, agreeing to cease its prior staking offerings and pay a $30 million fine.
Kraken’s Global Head of Consumer, Mark Greenberg, emphasized the company’s commitment to regulatory compliance and the security of clients’ assets. The platform has implemented measures to align with U.S. regulations and plans to expand staking services to additional states as permitted.
With the relaunch, Kraken offers staking for 17 digital assets, including Ethereum and Solana, allowing users to lock their crypto assets for a specified duration in order to support blockchain operations and earn rewards. This move reflects Kraken’s dedication to providing compliant and secure services in the U.S. market, offering clients opportunities to participate in cryptocurrency staking while adhering to regulatory standards.
In an official announcement on Twitter, Kraken stated that it is excited to bring back a brand new product enabling U.S. clients to resume staking with Kraken and play a significant role in bolstering the underlying security of blockchain networks.
Kraken’s decision to reintroduce its cryptocurrency staking services demonstrates its commitment to innovation and adaptability in the rapidly evolving cryptocurrency industry.
Source: fullycrypto.com
