Kraken Acquires Staking Platform Staked

Reading Time: < 1 minute

Crypto exchange Kraken has just acquired staking platform Staked in a deal that the company has called “one of the largest acquisitions in the industry.” However, Kraken has not disclosed the amount of the deal.

According to a press release, the acquisition will complement Kraken’s existing staking offering, allowing its users to capitalize on their crypto at the same time they retain full control of their assets.

The exchange CEO Jess Powell has said:

“The success of our staking business demonstrates that Kraken has evolved into more than a custodian and marketplace. We have become a full-fledged crypto platform with a diverse range of products to meet the needs of retail, professional and institutional clients.”

Staking Rewards, a provider of data on staking and other types of income from digital assets, has recently completed its investment round for $3.2 million with an oversubscription of 6x. It was led by Galaxy Digital, Digital Currency Group and CoinShares.