Digital currency exchange Kraken acquires Crypto Staking company Staked – Bitcoin News


The digital asset company Kraken announced that it has acquired the non-custodial pledge platform Staked. The amount of the acquisition has not been disclosed. Although the amount of the acquisition was not disclosed, the company claimed that it was “one of the largest crypto industry acquisitions to date.”

Kraken acquires non-custodial staking company Staking

December 21, Siren Announcing that it has acquired Staking Pledge, A company that specializes in providing people with access to the Proof of Stake (PoS) network. The company’s website explains: “Staked helps investors get benefits from staking and defi without having to custody their crypto assets.” In terms of trading volume and digital asset reserves, Kraken is one of the world’s largest cryptocurrency exchanges .

In terms of global crypto asset reserve data from Bituniverse, Peckshield, and Etherscan, indicators show that Kraken is currently the fourth largest reserve exchange held. According to the data, Kraken holds $15.81 billion in digital assets, and these reserves represent more than 102,000 Bitcoin (BTC) And 2.27 million Ethereum (ETH) December 22. The acquisition announcement pointed out that Kraken hopes to play an important role in providing pledge services to consumers and institutions.

Kraken CEO and co-founder Jesse Powell said to this announcement: “We are very happy to add Staked to our income portfolio, and more and more cryptocurrency investors are adopting this product in large numbers. “Staking is highly complementary to our existing staking business, which will enable us to further strengthen our product supply through world-class infrastructure and provide services to customers who want to keep their mortgage assets under custody,” Powell added.

Data from the Proof of Stake (PoS) report for the third quarter of 2021 written by Staked.

Staked in its explanation 2021 third quarter report “The third quarter is an absolute landmark quarter for PoS crypto assets.” The report went on to explain that in the third quarter, there were 4 PoS assets in the top ten, and 28 PoS crypto assets in the top 100 coins by market capitalization. “As of now, the market value of the top 35 PoS assets accounts for 30% of the total market value of cryptocurrencies [September 30],” Staked wrote at the time. “Marked the first time that PoS assets accounted for [more than] It accounts for 25% of the total market value of cryptocurrencies,” the report added.

According to the announcement on Tuesday, the acquisition of Staked makes it Kraken’s fifth acquisition in 2021. Kraken also pointed out that the company’s spot, margin and futures trading volumes have increased by 430% this year. “Kraken’s acquisition of Staked represents an exciting new chapter for us,” Staked CEO Tim Ogilvie (Tim Ogilvie) said in a statement. Kraken is not the only cryptocurrency company making acquisitions like Coinbase Scoop up There will also be many startups in 2021.

Tags in this story

2021, get, get, Coin Bank, Encryption company, Encrypted exchange, Encryption company, exchange, Jesse Powell, Siren, Siren CEO, Kraken’s fifth acquisition in 2021, Non-custodial, q3, Q3 report, Pledge, bet, Stake Q3, Tim Ogilvy, Trade volume, Undisclosed amount

What do you think of Kraken’s acquisition of Staked for an undisclosed amount? Please tell us your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the head of news at News and a fintech reporter living in Florida. Since 2011, Redman has been an active member of the cryptocurrency community. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for News about destructive protocols emerging today.

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