Kraken is bringing back crypto staking to the US after a regulatory pause, launching in 37 states and 2 territories. This move signals a potentially friendlier crypto environment under a new administration.

Staking is Back in Town!

So, what’s the deal with this staking comeback? Well, according to a report from CryptoPotato, Kraken is re-introducing “bonded staking.” Essentially, this means you lock up your crypto for a set period, helping to secure the network. Kraken then takes those staked assets and delegates them to validators – think of them as the folks who keep the crypto train running smoothly by verifying transactions. In return for your contribution, you get rewards, minus a few fees, of course. The source indicated that initially, 17 different cryptocurrencies will be supported, including some big names like Ethereum, Solana, and Cardano. And for those not in the initial rollout areas, don’t worry! The source explained that as regulations shift, more states might get access down the line.

Source: Kraken Relaunches Crypto Staking In The Us Expanding Access To 37 States | Cryptopotato.com

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