news 
Kraken Relaunches Staking in 39 U.S. States With 17 Crypto Assets
In a significant move, Kraken has relaunched its staking service in 39 US states, supporting an impressive 17 crypto assets. This development marks a crucial milestone for the company, which had previously suspended its on-chain staking service for US users.
Kraken’s new staking strategy is designed to ensure security and compliance with regulatory requirements. The platform has implemented third-party slashing insurance to mitigate the risk of asset loss due to penalties. This addition is expected to provide peace of mind for traders who are eager to re-engage with the staking process.
The relaunched staking service includes popular assets such as ETH, SOL, DOT, and ADA, among others. Users can assign their assets through Kraken Pro to validators responsible for blockchain network security and transaction processing. In return, they will receive staking rewards after deducting specific fees.
Kraken’s decision to relaunch its staking service in 39 US states is seen as a positive development for the crypto community. The platform’s willingness to adapt to regulatory changes and maintain its commitment to providing innovative solutions underscores its dedication to staying ahead of the curve.
In related news, Kraken has also added three new tokens to its portfolio: PENGU, SIGMA, and ME. This move demonstrates the company’s ongoing efforts to expand its offerings and provide users with more options for their cryptocurrency investments.
The relaunch of staking services by Kraken is a significant development that highlights the platform’s commitment to innovation and regulatory compliance. As the crypto market continues to evolve, it remains essential for platforms like Kraken to prioritize security and transparency while catering to the needs of its user base.
It will be interesting to observe how other platforms respond to these changes and adapt to the shifting regulatory landscape.
Source: http://www.crypto-news-flash.com
