We are excited to announce the launch of a new staking product for U.S. clients in 37 states and 2 territories, providing a straightforward and secure means for clients to participate in the security of supported networks. We plan to expand access to users in more states as permitted.

Starting today, clients residing in eligible states will be able to securely stake eligible tokens via Kraken Pro. These clients will be able to participate in bonded staking, which locks up/bonds cryptoassets to the network for a specific period of time.

Kraken delegates staked assets to validators, which then handle transaction validation and block production. These validators then pass back rewards, minus fees, to clients who have staked their assets with that validator.

“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,” said Mark Greenberg,

Keep reading this article on Kraken.com.

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