{"id":623189,"date":"2025-01-31T14:45:45","date_gmt":"2025-01-31T14:45:45","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=623189"},"modified":"2025-01-31T14:45:45","modified_gmt":"2025-01-31T14:45:45","slug":"kraken-resumes-crypto-staking-for-us-customers-across-39-states","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/kraken-resumes-crypto-staking-for-us-customers-across-39-states","title":{"rendered":"Kraken Resumes Crypto Staking For US Customers Across 39 States"},"content":{"rendered":"

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).<\/span><\/p>\n

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. <\/span><\/p>\n

The agency alleged that the exchange offered unregistered securities to clients through its staking-as-a-service initiative.<\/span><\/p>\n

Trump’s Crypto Policy Changes Impact On Kraken’s Move<\/span><\/h2>\n

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. <\/span><\/p>\n

Kraken’s move to reintroduce staking to US customers follows President Donald Trump’s first crypto executive order<\/a>, which aimed to clarify crypto regulations and foster a more favorable environment for digital assets in the US. <\/span><\/p>\n

Mark Greenberg, Kraken Global Head of Consumer, said that the company had long planned to bring back staking <\/a> to US clients, calling staking a “foundational element of crypto.” <\/span>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.”<\/span><\/p>\n

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Trump announces he's revamping crypto policy<\/p>\n

and Kraken immediately begins offering 17% APR on staking <\/p>\n

The Crime Cycle pic.twitter.com\/aiYVsMiljo<\/a><\/p>\n

— Tony (@0xRacist) January 15, 2025<\/a><\/p><\/blockquote>\n