Digital Currency Exchange Kraken Acquires Crypto Staking Firm Staked
The digital asset company Kraken announced it has acquired the non-custodial staking platform Staked for an undisclosed sum. While the sum of the purchase was not disclosed, the company claims that it was “one of the largest crypto industry acquisitions to date.” Kraken Acquires Non-Custodial Staking Firm Staked On December 21, Kraken announced that it acquired the staking firm Staked, a company that specializes in providing people with access to proof-of-stake (PoS) networks. “Staked helps investors earn yield from staking and defi without taking custody of their....
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Kraken said its staking business had grown by more than 950% since the beginning of the year to reach $16 billion in November. Major cryptocurrency exchange Kraken has announced that it purchased blockchain infrastructure company and investment manager Staked for an undisclosed amount.In a Tuesday announcement, Kraken — the crypto exchange aiming for a $10 billion valuation — said it had added Staked to its portfolio of yield products following the acquisition. The company described the Staked deal as “one of the largest crypto industry acquisitions to date” but did not disclose the....
Interest in Ethereum staking continues to grow, as evidenced by recent numbers from Kraken. Ethereum’s transition to Ethereum 2.0 officially began in December 2020 with the launch of its beacon chain. The long-awaited scaling solution takes the blockchain from a proof-of-work to a proof-of-stake consensus algorithm. In the months since the transition began, users of United States-based crypto exchange Kraken have allocated more than half a million Ether (ETH) to the platform for staking purposes.On Tuesday, Kraken said via a public statement that the company was, "pleased to announce that....
More than 100,000 Ether, valued at $60 million, has already been locked up for Eth2 staking using Kraken within four days of the exchange launching the service. Just four days after it launched its Eth2 staking service, customers of the popular U.S.-based cryptocurrency exchange Kraken have deposited more than 100,000 Ether, worth north of $60 million.The milestone was surpassed on Dec. 8, with the exchange estimating that its staking service represents approximately 8% of all ETH staked for Ethereum 2.0 so far. Kraken estimates that its service will provide an APY of between 5% and....
The aftereffects of the London upgrade begin to emerge as the Eth2 staking contract becomes the single largest Ether holder. Recently, the Ethereum network reached a new staking milestone. On Aug. 17, the Ethereum 2.0 staking contract became the single largest holder of Ether (ETH), surpassing Wrapped Ether (WETH). According to data from Etherscan, the Eth2 deposit contract now holds over 7.14 million Ether tokens, valued at $23 billion at the time of writing.This accounts for nearly 6.1% of all Ether tokens in circulation, which means that the staking rate for Ethereum is now over 6%. The....
On Tuesday, West Realm Shire Services Inc., the parent company of the crypto exchange FTX, announced that the firm has acquired the Commodity Futures Trading Commission (CFTC) regulated digital currency futures and options exchange and clearinghouse Ledgerx.
FTX Acquires Virtual Currency Futures and Options Exchange Ledgerx
Ledgerx has been acquired by the cryptocurrency giant FTX, according to an announcement published on August 31. Ledgerx is a popular crypto derivatives platform that has seen “over 10 million crypto options and swap contracts” since 2017.....