Kraken Resumes Staking Services in the US After a Two-Year Break
Cryptocurrency exchange Kraken has announced the relaunch of its staking services in the United States, ending a two-year hiatus for US customers.
Staking, a process where users can earn rewards by participating in the network of a proof-of-stake blockchain, has become increasingly popular in the crypto community. With the resurgence of interest in staking, Kraken’s decision to reinstate these services in the US is expected to offer users more opportunities to earn passive income.
The exchange’s staking services will initially include support for Ethereum 2.0, one of the largest networks to implement the proof-of-stake mechanism. This move by Kraken demonstrates its commitment to providing a wide range of services to its American customers, in line with the evolving needs of the crypto market.
Kraken’s decision to bring back staking services is likely to be well-received by US users who are looking to diversify their crypto assets and maximize their returns. By offering staking support for popular cryptocurrencies like Ethereum, Kraken is poised to attract more customers seeking to participate in the growing staking ecosystem.
Overall, Kraken’s relaunch of staking services in the US marks a significant milestone in the exchange’s efforts to cater to the needs of its customers and adapt to the changing landscape of the crypto industry. With staking becoming an increasingly important aspect of the crypto market, Kraken’s move is expected to further solidify its position as a leading cryptocurrency exchange.
