Digital Currency Exchange Kraken Acquires Crypto Staking Firm Staked

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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Crypto exchange Kraken acquires non-custodial staking platform Staked

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....

Kraken users have already staked half a million ETH

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 ETH locked for staking via Kraken in four days

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....

London’s impact: Ethereum 2.0's staking contract becomes largest ETH holder

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FTX and CoinShares launch physical staked Solana ETP

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