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Kraken Reintroduces Staking for U.S. Customers in 39 States After SEC Settlement

Jan 30, 2025, 03:04 PM

Kraken, a major cryptocurrency exchange, has reintroduced on-chain staking services for its U.S. customers in 37 states and 2 territories. The service, which allows clients to stake 17 assets including ETH, SOL, DOT, and ADA, was previously discontinued in early 2023 following a settlement with the U.S. Securities and Exchange Commission (SEC). The relaunch of staking services is seen as a positive development for the U.S. crypto market, signaling a shift in regulatory environment under the current administration. Kraken's move enables U.S. clients to participate in bonded staking, contributing to the security of supported blockchain networks. Additionally, Kraken's restaking integration will be available in eligible states, and U.S. clients' assets are covered by slashing insurance from a third-party provider.