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News

Kraken Relaunches Staking in the U.S.

The exchange's new offering goes the non-custodial route.
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Jan 30, 2025 • 1 min read

Nearly two years after settling SEC charges over its previous staking program, Kraken is launching a new service that lets users stake directly from their own wallets.

What's the Scoop?

  • Staking Returns: Kraken has restarted its U.S. staking services nearly two years after settling SEC charges.
  • Non-Custodial Model: The new program allows users to stake directly from their own wallets, removing Kraken’s custody over staked assets. This model contrasts with Kraken’s previous custodial staking, which led to a $30M SEC settlement in early 2023.
  • Supported Assets:  At launch, staking will be available for Ethereum and Solana with more tokens to be added over time.

Bankless Take

Kraken’s move signals a growing shift toward decentralized and non-custodial staking solutions in response to U.S. regulatory pressure. By removing custodial risks, the exchange aims to stay compliant while still offering staking rewards to its users.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

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