Kraken acquires staking platform Staked

The cryptocurrency exchange Kraken has acquired the staking platform Staked. The company called the deal “one of the biggest acquisitions in the industry,” but did not disclose financial details.

Kraken is thrilled to announce it has acquired Staked, in one of the biggest crypto deals of all time!

With the deal, Kraken takes an important step in becoming the crypto ecosystem of choice for both retail and professional investors.https://t.co/26WfBKqO3F

— Kraken Exchange (@krakenfx) December 21, 2021

According to the press release, the acquisition will complement Kraken’s existing staking offering, allowing customers to earn on their cryptocurrency while maintaining full control over their assets.

“The success of our staking business demonstrates that Kraken has become more than a custodian and a trading venue. We have become a full-fledged crypto platform with a diverse range of products that meet the needs of retail, professional, and institutional clients,” said Kraken CEO Jesse Powell.

Earlier, the staking data provider and other sources of revenue from digital assets, Staking Rewards closed an investment round of $3.2 million, with a 6x oversubscription. It was led by Galaxy Digital, Digital Currency Group and CoinShares.

Follow ForkLog’s Bitcoin news on our Telegram — crypto news, prices and analysis.