US Crypto Landscape Enhanced as Kraken Reinstates Staking Services
by aria-crypto.com
January 30, 2025 at 21:36
US Crypto Landscape Enhanced as Kraken Reinstates Staking Services
Kraken has resumed its cryptocurrency staking services in the US, now supporting customers in 39 states with the option to stake 17 different assets including Ethereum, Solana, and Cardano. This move comes after a near two-year suspension due to a legal dispute with the SEC, concluding with a $30 million settlement and significant regulatory revisions. Under the reformed SEC guidelines and a more crypto-supportive administration, Kraken's new offering features third-party slashing insurance to protect users' staked assets. Moreover, aside from staking, Kraken has expanded its blockchain solutions, launching a Layer-2 blockchain named Ink aimed at enhancing decentralization and interoperability in December. Despite regulatory advancements in the US, Kraken still faces challenges, including a recent fine by Australia's ASIC for unauthorized margin trading, and has announced plans to close its NFT marketplace by 2025 to redirect focus on its core offerings. This series of developments underlines a transformative period for Kraken and the broader US cryptocurrency landscape.
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