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Kraken acquires Staked as part of expansion plans

Mainstream cryptocurrency exchange Kraken has bought non-custodial staking platform Staked inline with its sweeping, expansive plan. 

This takes the total number of Kraken’s acquisitions this year to five. 

“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.” The crypto exchange said on Twitter yesterday.

Kraken

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Kraken’s co-founder and CEO Jesse Powell expressed satisfaction with the purchase.

“We are excited to add Staked to our portfolio of yield products, which has seen great uptake by a growing population of crypto investors,” said Jesse Powell.

Staked is a platform that enables investors to compound their crypto interests through staking or lending.

The staking platform CEO Tim Olive had this to say about the collaboration with Kraken.

“Kraken shares our commitment to supporting proof-of-stake networks, having a security-first mindset, and unwavering focus on customer experience, which makes them an ideal partner.” 

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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