Kraken Brings Back On-Chain Staking Services For U.S. Customers

Kraken has officially brought back its on-chain staking services for U.S. customers across 37 states and 2 territories. A Step In The Right Direction The new feature allows users to stake 17 different assets, including ETH, SOL, DOT, and ADA. The service had been paused earlier in 2023 due to a settlement with the U.S. Securities and Exchange Commission (SEC). The return of staking services is viewed as a positive step for the U.S. crypto sector, reflecting a change in the regulatory landscape under the current administration led by none other than President Donald Trump. Bonded Staking The decision by the crypto exchange gives U.S. customers the opportunity to engage in bonded staking, thereby supporting the security of various blockchain networks. Furthermore, the integration of restaking will be accessible in eligible states, with assets covered by third-party slashing insurance for U.S. clients.