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**Kraken Reopens Staking in US, Supports 17 Assets**
In a recent announcement, cryptocurrency exchange Kraken has reopened staking in the United States, making it possible for users to participate in blockchain-based validation processes. This move comes amidst fresh optimism in the crypto industry following President Donald Trump’s election and inauguration.
The resumption of staking on Kraken’s platform is seen as a significant step towards mass adoption of cryptocurrencies. Staking allows users to earn rewards by supporting the growth and stability of the blockchain, effectively contributing to its development.
According to David G Greenberg, Chief Executive Officer at Kraken, “Kraken serves as a bridge so people can access the crypto space and participate in an increasingly broad range of related activities from an interface and platform that they’re familiar with. Onchain staking is a key component of how we fulfill this role and we believe the resumption of staking in the U.S. today will play a significant role in the development and mass adoption of crypto.”
Kraken’s announcement comes as a beacon of hope for the US cryptocurrency market, which has been largely restricted from participating in decentralized finance (DeFi) activities due to regulatory hurdles. The exchange’s decision to reopen staking services supports 17 different assets, including major cryptocurrencies like Bitcoin and Ethereum.
This move is expected to pave the way for greater accessibility and participation in DeFi activities by American users. As more exchanges follow suit, we may see a surge in innovation and growth within this space.
In light of recent developments, President Trump’s nomination of pro-crypto individuals to head regulatory bodies like the SEC and CFTC has further boosted sentiment. The president’s first executive order on crypto also sent positive signals across the market.
As Kraken continues to play a significant role in shaping the future of decentralized finance, it is crucial for the platform to maintain transparency and compliance with regulations.
The re-opening of staking services marks an important milestone for American investors looking to engage with blockchain-based projects.
Source: coinjournal.net
