Kraken is thrilled to announce that we have now acquired Staked, an infrastructure platform that permits for safe, cost-effective, and non-custodial crypto staking.
One of many largest offers within the historical past of crypto, this acquisition completely enhances our current custodial staking providing, enabling all of our purchasers to earn rewards on their crypto whereas retaining full management over their digital belongings.
“We’re excited so as to add Staked to our portfolio of yield merchandise, which has seen nice uptake by a rising inhabitants of crypto traders,” mentioned Jesse Powell, CEO and co-founder of Kraken. “Staked is extremely complementary to our current staking enterprise and can enable us to additional strengthen our product providing via world-class infrastructure for purchasers preferring to retain custody of their staked belongings. We’re excited to welcome Staked’s purchasers to Kraken.”
“Not your keys, not your cash,” is a standard saying in crypto. As a pacesetter in offering best-in-class safety, entry and repair for digital belongings on our platform, we don’t subscribe to that philosophy. However, we do respect and help our purchasers who do – and their proper to retain custody over their crypto. With this acquisition, our purchasers now have extra choices on how they select to handle their funds when staking with Kraken.
“Kraken’s acquisition of Staked represents an thrilling new chapter for us,” mentioned Tim Ogilvie, CEO of Staked. “Kraken clearly shares our dedication to supporting proof-of-stake networks, having a security-first mindset, and unwavering give attention to buyer expertise, which makes them a great accomplice.”
Staked’s best-in-class staking infrastructure will allow Kraken to develop modern new staking merchandise for all our purchasers and increase the variety of proof-of-stake networks supported on our platform.
“The success of our staking enterprise demonstrates that Kraken has advanced into far more than a custodian and buying and selling venue,” mentioned Powell. “We’ve develop into a holistic crypto platform with a various vary of merchandise that serves the wants of retail, skilled, and institutional purchasers. Heading into the second decade in our firm’s historical past, I’m excited in regards to the future and Kraken’s continued help of the world’s shift to Web3 and DeFi.”
Be taught extra about staking and begin incomes rewards in your crypto at the moment, with Kraken.
Learn the total press launch.