Kraken Brings Back Staking Services for US Customers with New Product
Date: 2025-01-31 Author: Henry Casey Categories: BUSINESS
In 2024, the US Securities and Exchange Commission (SEC) charged Kraken with offering unregistered securities, which resulted in the suspension of its staking services and a $30 million fine. However, Kraken has now offered a new service that combines staking with crypto bonds. This allows customers to delegate the management of their digital assets to validators in a more secure manner.
Mark Greenberg, head of consumer affairs at Kraken Global, said the launch of the new product will allow US customers to continue staking with Kraken safely. He emphasized that the move could serve as a benchmark for other crypto exchanges as regulatory requirements in the country change.
A Kraken study of 2,537 Americans found that 55% of respondents believe cryptocurrencies can be useful in real life, while about 73% of respondents said they plan to increase their investments in digital assets in 2025.
Kraken is thus opening up new opportunities for users in the US, navigating the changing regulatory environment and providing innovative products for the convenience and safety of investors.
