Kraken Launches Staking Services in US

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Kraken has introduced a new staking product for clients in the United States, available in 37 states and 2 territories. This product will allow clients to easily and safely participate in network security. The company plans to expand access to clients in more states as allowed.

Kraken Pro will enable clients residing in eligible states to securely stake eligible tokens and participate in bonded staking, where their cryptoassets are locked up for a specific period of time on the network.

Kraken delegates the staked assets to validators, who handle transaction validation and block production. In return, validators pass back rewards, minus fees, to clients.

Kraken’s Global Head of Consumer, Mark Greenberg, believes this launch is a positive development for the entire US crypto space and is excited to offer clients the opportunity to contribute to the security of blockchain networks.

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