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Kraken has reintroduced on-chain staking for US clients in 39 states, enabling users to stake 17 assets, including Ethereum (ETH), Solana (SOL), Polkadot (DOT), and Cardano (ADA).
The US centralized exchange was forced to end its staking service in February 2023 as part of a settlement with the US Securities and Exchange Commission (SEC), which included a $30 million fine.
The agency alleged that the exchange offered unregistered securities to clients through its staking-as-a-service initiative.
Trump’s Crypto Policy Changes Impact On Kraken’s Move
Kraken said yesterday that customers in the 39 eligible states can use Kraken Pro to participate in bonded staking, where tokens are locked for a set period of time depending on the blockchain network.
Kraken’s move to reintroduce staking to US customers follows President Donald Trump’s first crypto executive order, which aimed to clarify crypto regulations and foster a more favorable environment for digital assets in the US.
Mark Greenberg, Kraken Global Head of Consumer, said that the company had long planned to bring back staking to US clients, calling staking a “foundational element of crypto.”
Greenberg added that Kraken’s reactivation of staking for its US clients is “an overwhelmingly positive development, not just for Kraken but also for the entire US crypto space.”
Trump announces he's revamping crypto policy
and Kraken immediately begins offering 17% APR on staking
The Crime Cycle pic.twitter.com/aiYVsMiljo
— Tony (@0xRacist) January 15, 2025
Kraken’s relaunched staking service in the US will also offer clients slashing insurance provided by a third-party provider.
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