Just In: Kraken Brings Blockchain Staking Back to U.S. Customers

In a major move for the U.S. crypto market, Kraken, one of the oldest and most trusted cryptocurrency exchanges, has reintroduced blockchain staking products for U.S. clients. This shift comes as the market begins to recover and gain momentum after a period of stagnation.

Exciting news, right? Here’s all you need to know.

Staking Now Available in 37 States and Territories

Starting today, Kraken is offering U.S. customers in 37 states and two territories the ability to securely stake tokens via Kraken Pro. This new staking product lets users support blockchain networks by locking up their crypto assets for a set time in a process called “bonded staking.”

Kraken also plans to expand its staking offerings to more states as regulations allow, giving even more customers the opportunity to get involved in blockchain security.

But Security Comes First

Clients in eligible states can now stake 17 popular cryptocurrencies, including Ethereum (ETH), Solana (SOL), Polkadot (DOT), and Cardano (ADA). Kraken will also offer restaking integration, allowing users to help support Ethereum’s security by participating in projects built on the network.

To keep users’ assets safe kraken kraken - support@kraken.com Centralised ExchangeDecentralised Exchange has taken additional security steps, including third-party insurance for all staked assets. This provides an extra layer of protection for those taking part in staking.

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Easing Regulations for More Growth

The reintroduction of staking comes at a time when U.S. regulations are starting to shift. With former President Donald Trump Donald Trump   Donald J. Trump is a US-based entrepreneur, Pro-crypto Politician, and the 45th and 47th President of the United States of America. He understands the importance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto leader.   Quick Facts   Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Known For Businessman, Pro-Crypto Politician   Once doubtful about Bitcoindominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his kitty. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.   Donald Trump - Career Highlights & Events   2016 – Elected as the 45th President of the United States from the Republican Party.   2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments   2019 – Criticized Bitcoin and Libra on X, dubbing them as "not money"   2024 – Campaign signals potential openness to crypto-friendly reforms   2025 –  Elected as the 47th President of the United States from the Republican Party.   A meme coin, $TRUMP, is associated with Donald Trump, which is listed on the Solana blockchain platform. His family also backs World Liberty Financial (WLF), a crypto venture.     President back in office, regulations on crypto, especially from the SEC, are becoming less strict. This change follows a difficult period for Kraken when it had to suspend its staking service for U.S. customers in February 2023. The company paid $30 million to settle SEC charges related to unregistered securities.

“Launching this new staking product in the U.S. is an overwhelmingly positive development, not just for Kraken but also for the entire U.S. crypto space,” emphasized Mark Greenberg, Kraken Global Head of Consumer.

Kraken Takes the Lead

Kraken has long been a leader in the crypto space.

In 2019, it became the first major centralized exchange to offer onchain staking, giving users the chance to help secure proof-of-stake (PoS) blockchains. Last year, Kraken expanded its offerings further by allowing clients to restake Ethereum (ETH), supporting Ethereum’s security and helping new projects use its infrastructure.

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Kraken’s staking revival not only marks a turning point for the exchange but also signals that the future of U.S. crypto may be more open and more secure than ever before.