Kraken has announced the launch of a new Bitcoin staking feature, offering users an APR of up to 1%. The new service is available across all Kraken platforms.
Convenience of Staking for BTC Holders
The new staking feature is accessible through Kraken’s standard and Pro platforms, as well as its mobile apps. Users simply need to create a Kraken account, purchase or deposit BTC, and activate staking through the 'Earn' tab. No minimum balance is required, and rewards are distributed weekly after daily accrual.
Babylon-Powered Security for PoS Networks
This initiative leverages Babylon’s protocol to enable Bitcoin to support proof-of-stake (PoS) networks. By staking BTC, users contribute to the security of emerging decentralized ecosystems. As the Babylon ecosystem expands, stakers may also begin earning rewards from additional network tokens integrated into the platform.
Competitive Advantages in Crypto Staking
Kraken emphasizes three core advantages for its staking service: fast onboarding, seamless exchange integration, and industry-leading security. With over 430 cryptocurrencies available for trading and staking, Kraken continues to position itself as a top-tier platform for digital asset management.
The launch of Bitcoin staking via Babylon provides a new way for BTC holders to generate yield while participating in the evolution of decentralized PoS infrastructure without compromising asset safety.
