Kraken, one of the oldest crypto exchanges, has reintroduced blockchain staking products for U.S. customers, marking changes in the crypto market.
Return of Staking in the U.S.
Kraken offers a new staking product for clients in 37 states and 2 territories, allowing secure participation in networks. The company aims to expand to more states as regulations allow. Clients in select U.S. regions can stake 17 assets including ETH, SOL, DOT, and ADA via Kraken's services.
Easing Regulations
With Donald Trump back in office, the strict crypto rules from the previous administration, especially from the SEC, are being relaxed. In February 2023, Kraken ended its staking service for U.S. customers and paid $30 million to settle SEC charges about unregistered securities.
Kraken's Strategic Initiatives
Notably, Kraken was the first major centralized exchange to launch onchain staking in 2019. Last year, Kraken became one of the first platforms to enable restaking of ETH, allowing EigenLayer projects to benefit from the security of Ethereum.
Kraken's reintroduction of staking in the U.S. underscores shifts in the crypto market and opens new opportunities for users.
