Kraken Revives Staking Services for U.S. Users Amid Favorable Regulatory Shifts

Crypto Exchange Kraken Launches New Staking Business

The renowned American crypto exchange, Kraken, has unveiled a new staking product for U.S. customers nearly two years after facing regulatory challenges. According to Decrypt, the San Francisco-based company announced that starting today, clients in 37 states and two territories can stake their digital assets via the Kraken Pro service. This move comes as part of an effort to provide administrative support for blockchain staking by connecting client tokens directly to networks like Ethereum and Solana.

In February 2023, Kraken faced a $30 million fine from the SEC due to offering unregistered securities through its previous staking services. However, with changes in leadership at the SEC under President Donald Trump’s administration—now led by Paul Atkins—the environment appears more favorable towards cryptocurrency initiatives. Mark Greenberg from Kraken expressed excitement about reintroducing this feature which plays a crucial role in enhancing blockchain security.

No Indian Crypto Exchanges Make Forbes' Top 25 List

A recent survey conducted by Forbes revealed that no Indian cryptocurrency exchanges were included among the top 25 safest platforms globally—a stark reminder of India's lagging position regarding crypto adoption and safety measures. As reported by Crypto Times, while major players such as CME Group and Binance secured high ranks on Forbes’ list based on parameters like transparency and audit strength; prominent Indian exchanges including WazirX failed even to make it onto these rankings.

This exclusion highlights significant concerns over security within India’s burgeoning crypto industry following incidents like cyberattacks against WazirX earlier last year. Leading experts believe mismanagement further tarnished reputations domestically too! To compete internationally successfully requires intensified efforts around compliance protocols beyond current standards set forth worldwide if they hope ever to challenge global competition effectively someday soon enough, perhaps.

Coinbase Seeks Approval For Solana And Hedera Futures Listing

CoinDesk reports that Coinbase is preparing the paperwork necessary for listing futures contracts related to both Solana (SOL) and Hedera (HBAR). The application submitted to the Commodity Futures Trading Commission aims to launch products on February eighteenth, pending approval. The course naturally still remains uncertain given the complexities involved in the overall process, potentially delaying the timeline somewhat unexpectedly, possibly longer than initially thought or originally planned. Accordingly, speaking generally here, contextually relevant information provided therein is mentioned in the aforementioned article source material referenced above. Previously mentioned earlier discussion topics are covered extensively throughout the entire piece written, published online recently, available for public consumption and viewing for pleasure, enjoyment purposes only, intended for a targeted audience and readership base.

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