Kraken Revives Crypto Staking in U.S. After SEC Settlement

Kraken Reinstates Crypto Staking After SEC Settlement

Kraken, a leading cryptocurrency exchange, has reinstated its crypto staking services for U.S. customers after reaching a settlement with the Securities and Exchange Commission (SEC) in February 2023. The exchange agreed to pay a $30 million fine and shut down its staking-as-service business in the U.S. as part of the deal. However, Kraken has now reintroduced staking for specific tokens in select states, offering a bonded staking model that requires users to lock up their tokens for a predetermined period. The service will initially support 17 digital assets, including Ethereum (ETH), Solana (SOL), and Cardano (ADA).

Coinbase Expands into Argentina, Serving 5 Million Daily Crypto Users

Coinbase, a U.S.-based crypto exchange, has received regulatory approval to launch in Argentina, the second-largest national economy in South America. The exchange has secured a Virtual Asset Service Provider (VASP) registration from the country’s National Securities Commission (CNV) and plans to provide localized services, including local payment methods and customer support. Argentina already sees widespread crypto adoption, with 5 million of its 47 million people using cryptocurrency daily. Coinbase aims to help locals navigate inflation and financial stability through its platform.

The Ultimate Guide to UK Crypto Exchanges: Top Platforms, Fees, and Security

The United Kingdom has emerged as a hub for cryptocurrency adoption, with an increasing number of individuals and businesses embracing digital currencies. Choosing a reliable and secure exchange is crucial for trading and storing digital assets. This guide explores the leading crypto exchanges in the UK, examines their fee structures, and highlights the importance of robust security features to ensure safe trading experiences.

Kraken Introduces New Staking Product for U.S. Customers Amid Regulatory Changes and Past SEC Settlement

Kraken has introduced a new staking product for U.S. customers, marking a significant shift in the landscape of cryptocurrency services following past regulatory challenges. The product is now compatible with 37 states and two territories, demonstrating Kraken’s commitment to adapting its offerings in compliance with regulatory changes. The new staking service enables clients to engage in bonded staking, requiring users to lock their crypto assets to support blockchain network operations