Kraken, one of the oldest cryptocurrency exchanges, has brought back its blockchain staking services, allowing U.S. customers to participate. This move signals a thawing regulatory environment for cryptocurrencies in the U.S.

Key Details:

• U.S. customers in select states can now stake a total of 17 assets, including ETH, SOL, DOT, and ADA.
• In March 2023, Kraken had to shut down its staking services due to regulatory actions from the SEC and agreed to pay $30 million to settle claims it was offering unregistered securities.

“We have long been discussing how best to offer this product and restore staking in the U.S., as it is crucial to the cryptocurrency foundation,” said Mark Greenberg, Kraken’s Global Head of Consumer. He described this initiative as “an overwhelmingly positive change, benefiting not just Kraken but the entire cryptocurrency landscape in the U.S.”

For eligible clients across the 39 states, Kraken Pro will enable them to engage in bonded staking, where tokens are locked for defined periods determined by the respective blockchain.

Furthermore, the assets of U.S. clients are safeguarded by slashing insurance from a third-party vendor.