Kraken, a popular cryptocurrency exchange and blockchain asset platform, announced today that it has acquired Staked for an undisclosed amount.The mortgage is non-custodial Pledge platform This allows investors in the proof-of-stake network to easily compound their holdings.
For Kraken, the acquisition supports its staking service by expanding the number of supported networks and supporting non-custodial alternatives to Kraken’s existing managed services.
Kraken CEO and co-founder Jesse Powell said: “We are very happy to add Staked to our income portfolio, and more and more cryptocurrency investors have adopted this product in large numbers.” “We are happy to welcome this product. Staked customers join Kraken and believe that when they seek to expand their exposure to digital assets, they will benefit from our broader product portfolio.”
The Kraken team reports that it combines spot, margin and futures Trading volume In 2021, it has increased by more than 430%. In addition, since the beginning of this year, Kraken’s staking business has grown by more than 950% in November, reaching nearly 16 billion U.S. dollars, thereby paying more than 500 million U.S. dollars worth of token rewards.
“Kraken’s acquisition of Staked represents an exciting new chapter for us,” said Staked CEO Tim Ogilvie. “Kraken clearly shared our commitment to supporting the proof-of-stake network, having a safety first mentality, and an unwavering focus on customer experience, which makes them an ideal partner. Combining our business will enable us to provide more The experience of sewing and expand our product supply to meet the needs of customers in pledge and other aspects.”