US Cryptocurrency Exchange Kraken Takes Over Custody-Free staking platform Staked
Kraken, the world’s largest cryptocurrency exchange, announced the acquisition of blockchain framework and investment management firm Staked for a confidential sum. Kraken — the cryptocurrency exchange striving for a $10 billion value — stated Tuesday that it has included Staked to its array of yield offerings after the takeover. The business hailed the Staked purchase as “one of the biggest in the cryptocurrency sector to date,” but won’t reveal the value.
Kraken has purchased a number of firms in the past several years, both connected to and unrelated to its staking operations. In the last four years, the business has acquired Interchange, a supplier of accounting and portfolio reconciliation services, Bit Trade, an Australian cryptocurrency exchange, and Cryptowatch, among others. Powell also floated the idea of the exchange going public before the end of next year.
As we gear up for 2022, Kraken is celebrating its continued growth and success with the expansion of its ‘staking’ tentacle through an acquisition of Staked.
— Kraken Exchange (@krakenfx) December 21, 2021