After two years, a top US-based crypto exchange is relaunching its crypto staking program following a previous shutdown forced by the U.S. Securities and Exchange Commission (SEC).
Kraken has announced that US clients in 37 states and two territories now have the opportunity to stake 17 assets onchain, starting today. Residents in specific states and territories can stake Ethereum (ETH), Solana (SOL), Cosmos (ATOM), and 14 other Proof-of-Stake tokens through Kraken.
Mark Greenberg, Kraken’s Global Head of Consumers, expressed excitement about the staking re-launch, stating, “Launching this new staking product in the US is an overwhelmingly positive development, not just for Kraken but also for the entire US crypto space. We are excited to bring back a brand new product enabling US clients to resume staking with Kraken and play a significant role in bolstering the underlying security of blockchain networks.”
This announcement comes after Kraken was ordered by the SEC to cease its staking-as-a-service program two years ago, resulting in a $30 million settlement.
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