Kraken is an exchange supporting many coins, alongside on and off-chain staking to earn yield on deposited assets.
Kraken is a digital asset exchange platform that was founded in 2011 and is headquartered in San Francisco, California. The platform allows users to buy and sell a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, as well as trade a variety of digital asset pairs.
Kraken is known for its low fees, advanced trading tools, and strong security measures. The platform offers both a user-friendly interface for beginner traders and advanced features for more experienced traders, including margin trading, futures trading, and options trading.
Kraken staking rewards are done on-chain, via native protocols. Karen off-chain staking is done via lending.
- On-chain staking is a custodial proof-of-stake solution
- Off-chain staking for BTC and stablecoins
In Feb. 2023, Kraken stopped offering all staking products to US customers, due to SEC action.