Crypto exchange Kraken has acquired staking platform Staked

The company has made one of the biggest takeovers in the history of the crypto industry

22.12.2021 - 15:25

951

1 min

What’s new? The Kraken crypto exchange has bought staking platform Staked. The financial details of the deal were not disclosed, but Kraken calls it “one of the largest crypto industry acquisitions.” This is stated in a press release of the platform.

Kraken is thrilled to announce it has acquired Staked, in one of the biggest crypto deals of all time!With the deal, Kraken takes an important step in becoming the crypto ecosystem of choice for both retail and professional investors.https://t.co/26WfBKqO3F— Kraken Exchange (@krakenfx) December 21, 2021

Why did Kraken buy Staked? As part of the deal, the cryptocurrency exchange will develop new staking products and increase the number of proof-of-stake networks, according to the press release.

“We are excited to add Staked to our portfolio of yield products, which has seen great uptake by a growing population of crypto investors,” Jesse Powell, CEO and co-founder of Kraken, said.

In addition, the purchase will complement the crypto exchange's existing staking offerings. With it, the users will be able to earn money on their cryptocurrency while maintaining full control over the assets.

Author: