Kraken, a San Francisco, CA-based digital asset platform, acquired Staked, a NYC-based staking platform supplier.
The quantity of the deal was not disclosed.
Led by Tim Ogilvie, CEO, Seth Riney, CTO, and Jonathan Marcus, COO, Staked is a non-custodial staking platform that permits buyers in Proof-of-Stake networks to securely compound their holdings. Its mission – to assist buyers earn yield from staking with out relinquishing custody of their crypto property – carefully aligns with Kraken’s goal to offer safe entry to staking services and products.
The acquisition solidifies Kraken’s place as a supplier of staking companies to shoppers and establishments by increasing the variety of supported networks and enabling a non-custodial various to its present custodial staking service.
Based in 2011 by Jesse Powell, CEO, Kraken is a world digital asset platform based mostly on euro quantity and liquidity. Globally, its consumer base trades greater than 90 digital property and seven completely different fiat currencies, together with GBP, EUR, USD, CAD, JPY, CHF and AUD. The corporate was one of many first exchanges to supply spot buying and selling with margin, parachain auctions, staking, regulated derivatives and index companies. It’s utilized by over 8.5 million merchants and establishments world wide and gives skilled, round the clock on-line assist. The corporate now has 2300+ staff.
Kraken markets might be monitored and traded by way of the Kraken iOS and Android apps, and thru the Cryptowatch iOS, Android and Desktop apps. The corporate is backed by buyers together with Tribe Capital, SkyBridge, Hummingbird Ventures, Blockchain Capital, Digital Forex Group, amongst others.