One of many prime US-based crypto exchanges is launching a revamped crypto staking program two years after the U.S. Securities and Change Fee (SEC) compelled the same initiative to shutter.
In accordance with Kraken, US purchasers in 37 states and two territories can stake 17 property onchain beginning right now.
Kraken purchasers residing in Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Indiana, Iowa, Kansas, Louisiana, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Utah, Virginia, West Virginia, Wyoming, District of Columbia, and Puerto Rico can now stake Ethereum (ETH), Solana (SOL), Cosmos (ATOM) and 14 different Proof-of-Stake tokens by the alternate.
Says Mark Greenberg, Kraken World Head of Customers, of the staking re-launch,
“Launching this new staking product within the US is an overwhelmingly optimistic growth, not only for Kraken but in addition for all the US crypto area.
We’re excited to convey again a model new product enabling US purchasers to renew staking with Kraken and play a major position in bolstering the underlying safety of blockchain networks.”
The announcement comes two years after the SEC ordered Kraken to discontinue its staking-as-a-service program. Kraken additionally needed to pay $30 million to settle the swimsuit.
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