As staking in the US remains a topic of debate, Kraken is bringing back staking on some altcoins for US customers.
Accordingly, leading cryptocurrency exchange Kraken has reintroduced on-chain crypto staking for US customers in 39 states and 2 territories.
“Starting today, customers residing in eligible states will be able to securely stake eligible tokens through Kraken Pro. These customers will be able to participate in bond staking, which locks/ties crypto assets to the network for a set period of time.”
At this point, Kraken has allowed staking for 17 altcoins, including Ethereum (ETH), Solana (SOL), Polkadot (DOT), and Cardano (ADA).
This move comes after Kraken shut down its staking service in early 2023 and settled with the SEC over allegations that it sold unregistered securities, paying the SEC $30 million.
Mark Greenberg, Global Head of Consumer at Kraken, said:
“The launch of this new staking product in the US is an extremely positive development not only for Kraken, but also for the entire US crypto space.
“We are excited to bring back a brand new product that will allow BD customers to continue staking with Kraken and play a key role in strengthening the fundamental security of blockchain networks.”
*This is not investment advice.
