Kraken Relaunches Crypto Staking for U.S. Clients After Two-Year Hiatus

Kraken has reintroduced its cryptocurrency staking services for U.S. customers, offering 17 digital assets, including Ethereum and Solana. This marks a significant comeback after a two-year break due to regulatory challenges.

The service is now available in 37 states, allowing users to earn rewards by staking assets to support blockchain security. Kraken’s Global Head of Consumer, Mark Greenberg, emphasized the importance of staking in strengthening blockchain networks and providing passive income opportunities for investors.

Kraken previously halted its staking program in February 2023 after settling charges with the U.S. Securities and Exchange Commission (SEC) for failing to register its staking-as-a-service offering. The company paid a $30 million fine to resolve the issue.

The new staking model follows a bonded staking structure, where assets are locked with blockchain networks for a set period. Kraken delegates these assets to validators responsible for processing transactions and maintaining network integrity. Participants receive rewards after validator fees are deducted.

Kraken’s relaunch comes amid shifting regulatory dynamics. Following the recent inauguration of President Donald Trump, the administration has shown interest in engaging with the crypto industry. Mark Uyeda has been appointed as the acting SEC chair, signaling potential changes in regulatory oversight.

As Kraken reenters the U.S. staking market, investors now have renewed access to a key crypto investment tool. The move reflects growing optimism for a more favorable regulatory environment in the blockchain sector.