Menu Close
Kraken

Kraken

Kraken News: Kraken Resumes U.S. Crypto Staking Services

February 1, 2025

Kraken Unicorn News - January 31, 2025

Kraken has announced the relaunch of its crypto staking services in the U.S., following a settlement with the SEC. The service, now available in 37 states and two territories, allows users to stake digital assets like Ethereum and Solana. This move marks a significant step for Kraken in navigating regulatory challenges in the U.S. crypto market.

( 00:00:00 ) Introduction

( 00:00:27 ) Kraken Resumes U.S. Crypto Staking After SEC Settlement

play
0:00 - 0:00

Kraken, a prominent cryptocurrency exchange, has reintroduced its on-chain staking services for U.S. clients in 37 states and two territories, nearly two years after halting the program due to a settlement with the Securities and Exchange Commission (SEC). In February 2023, Kraken agreed to pay a $30 million fine and cease its staking services, following SEC allegations of offering unregistered securities. The relaunched staking platform allows users to stake 17 digital assets, including Ethereum (ETH), Solana (SOL), Polkadot (DOT), and Cardano (ADA), through Kraken Pro. This move reflects a shifting regulatory environment in the U.S., with Kraken's Global Head of Consumer, Mark Greenberg, stating that the new staking product enables clients to "play a significant role in bolstering the underlying security of blockchain networks."

Empower Your Portfolio with Private Equity

Invest in Kraken

Disclaimer

Investing in private securities is speculative, illiquid, and involves risk of loss. An investment with Linqto is a private placement and does not grant or transfer ownership of private company stock. No guarantee is made that a company will experience an IPO or any liquidity event.

Linqto leverages advanced artificial intelligence (AI) technologies to generate Unicorn News to summarize updates about private companies. The news summaries and audio are both AI generated, based on the source(s) listed.