Kraken Customers Are Staking More Than $1 Billion in Cryptocurrency
Key highlights :
Users on the Kraken platform have staked more than $1 billion worth of crypto on the exchange
Cryptocurrency holders are confident about their long-term prospects
Proof-of-Stake cryptocurrencies are popular among users
According to an announcement by the Kraken cryptocurrency exchange on Wednesday, customers have staked over $1 billion worth of cryptocurrency via its platform. A spokesperson from the exchange revealed that Ethereum represents around one-third of the staked assets. Tezos and Polkadot are among the other significant cryptocurrencies popular among Kraken customers who are using the exchange’s staking services. Kraken also supports other coins for staking, including Kava and Cosmos.
Note: How to buy Bitcoin on Kraken
The popularity of stakin...