Cryptocurrency exchange Kraken acquires non-custodial staking platform Staked

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The major cryptocurrency exchange Kraken announced that it has acquired a blockchain infrastructure company and investment manager Staked for an undisclosed amount.

In Tuesday’s announcement, Kraken, a cryptocurrency exchange with a target value of $10 billion Say After the acquisition, it has added Staked to its revenue portfolio. The company described the Staked transaction as “one of the largest crypto industry acquisitions to date,” but did not disclose the specific amount.

According to Kraken CEO Jesse Powell, Staked users will have access to Kraken’s revenue portfolio. Staked CEO Tim Ogilvie cited the exchange’s “commitment to support the proof-of-stake network” and its record of customer experience and security when deciding to move forward with the transaction.

Cryptocurrency exchange representation Mortgage business growth Since the beginning of the year, it has increased by more than 950% and reached US$16 billion in November. This may be partly driven by the tools used to invest in Ether (Ethereum) And get bet rewards.

related: Kraken users have pledged 500,000 ETH

Kraken has acquired several companies related to its staking business in the past few years. Since 2017, the company has acquired accounting and portfolio reconciliation service provider Interchange, Australian cryptocurrency exchange Bit Trade and Cryptowatch, among others. Powell also hinted, The exchange can be listed Before the end of 2022.