Express
Kraken Acquires Non-Custodial Staking Platform Staked For An Undisclosed Amount
Summary: The cryptocurrency exchange Kraken announced on Tuesday that it had acquired the non-custodial pledge platform Staked for an undisclosed amount. Kraken described the transaction as "one of the largest crypto industry acquisitions to date." Staked enables investors in the proof-of-stake network to easily and safely earn compound interest from staking while maintaining complete control of ...
The cryptocurrency exchange Kraken announced on Tuesday that it had acquired the non-custodial pledge platform Staked for an undisclosed amount. Kraken described the transaction as "one of the largest crypto industry acquisitions to date."
Staked enables investors in the proof-of-stake network to easily and safely earn compound interest from staking while maintaining complete control of their digital assets. The acquisition expands the number of supported networks and provides a non-custodial alternative to Kraken's existing managed services, thereby strengthening Kraken's position as a leading service provider for consumers and institutions.
According to the announcement, this acquisition is Kraken’s fifth acquisition in 2021. In this year, its staking business increased by about 950% to nearly $16 billion, and the spot, margin and futures trading volume increased by more than 430%.
By Mary Liu
Tags: Kraken,Staked
Link: Kraken Acquires Non-Custodial Staking Platform Staked For An Undisclosed Amount [Copy]
