Kraken, the leading crypto asset trading and digital asset platform announced that it had acquired Staked, which is a non-custodial stakeholder platform. The details of the deal were not disclosed, but Kraken claims it’s one of the largest deals in the history of crypto.

Users can stake digital assets, earn interest and Staked lets investors keep custody of crypto through Proof-of Stake networks. This allows them to quickly and securely increase their holdings. The acquisition solidifies Kraken’s position as a leading provider of staking services to consumers and institutions by expanding the number of supported networks and enabling a non-custodial alternative to Kraken’s existing custodial staking service.

“We are excited to add Staked to our portfolio of yield products, which has seen great uptake by a growing population of crypto investors,”
Jesse Powell, Kraken’s CEO and co-founder.

“Staked is highly complementary to our existing staking business and will allow us to further strengthen our product offering through world-class infrastructure for clients who prefer to retain custody of their staked assets.”
Staked’s mission – to help investors earn yield from staking without relinquishing custody of their crypto assets – closely aligns with Kraken’s objective to provide seamless and secure access to staking products and services. Staked’s service provides world-class infrastructure, which removes major barriers and maximizes the rewards for clients.

The acquisition of Staked – Kraken’s fifth acquisition in 2021 – is an important step in the company’s strategy to become the crypto portal of choice for both retail and professional investors. Kraken’s combined spot, margin and futures trading volume has grown by over 430% in 2021

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