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Home»Analysis»Kraken Announces New Onchain Crypto Staking Program for US Clients Two Years After SEC Crackdown
Analysis

Kraken Announces New Onchain Crypto Staking Program for US Clients Two Years After SEC Crackdown

January 31, 2025No Comments2 Mins Read
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Kraken, one of the top US-based crypto exchanges, is making a comeback with a revamped crypto staking program. This initiative comes two years after the U.S. Securities and Exchange Commission (SEC) forced the exchange to shut down a similar program.

US clients in 37 states and two territories now have the opportunity to stake 17 different assets onchain through Kraken. Residents of states like Alaska, Arizona, Colorado, Florida, and others can participate in staking popular tokens like Ethereum (ETH), Solana (SOL), and Cosmos (ATOM), among others.

Mark Greenberg, Kraken’s Global Head of Consumers, expressed excitement about the relaunch of the staking program, 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.”

The announcement of the revamped staking program follows a legal battle with the SEC, which resulted in Kraken being ordered to cease its staking-as-a-service program and pay a $30 million settlement. Now, with a fresh start, Kraken aims to provide US clients with a secure and reliable platform for staking their assets.

To stay updated on the latest news and developments in the crypto space, users can subscribe to email alerts from Kraken. Additionally, they can follow Kraken on social media platforms like Twitter and Facebook for real-time updates.

As Kraken re-enters the staking market, the exchange is committed to providing a seamless and user-friendly experience for clients looking to engage in staking activities. With a wide range of assets available for staking, users can diversify their crypto holdings and potentially earn rewards for participating in securing blockchain networks.

See also  Global Watchdog Calls on Nations To Step Up Crypto Enforcement

Overall, the relaunch of Kraken’s staking program signifies a positive step forward for the US crypto space, offering clients a trusted platform to participate in staking activities and contribute to the security of blockchain networks.

announces clients crackdown Crypto Kraken OnChain Program SEC Staking Years
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