Top Crypto Exchange Kraken Revives Staking in the U.S.

Kraken has reinstated crypto staking for U.S. users, marking a significant comeback after regulators forced the exchange to discontinue its previous program two years ago.

The new service allows customers in 37 states and two territories to stake 17 different cryptocurrencies directly on-chain, offering an alternative to centralized staking models that previously drew regulatory scrutiny.

Users can now stake assets such as Ethereum (ETH), Solana (SOL), and Cosmos (ATOM), along with 14 other Proof-of-Stake tokens. Kraken’s Global Head of Consumers, Mark Greenberg, described the relaunch as a major step forward for both the company and the broader U.S. crypto ecosystem.

He emphasized that the new staking program not only enables customers to earn rewards but also contributes to the security and functionality of blockchain networks.

This move comes after Kraken reached a $30 million settlement with the SEC in 2022, which led to the shutdown of its initial staking service. At the time, the regulator argued that the program constituted an unregistered securities offering.

Kraken’s latest iteration aims to comply with existing regulations while restoring staking opportunities for U.S. customers. By reintroducing the service in a modified form, the exchange is positioning itself as a leader in regulatory-compliant staking solutions.