• Kraken Exchange acquires Staked, a non-custodial stake platform Staked in order to increase its custodial service
• Kraken refers to this acquisition as “one of the largest crypto industry acquisitions to date”

Kraken exchange has announced it had acquired Staked in an undisclosed deal to improve its custodial services.

According to the exchange, this represents “one of the largest crypto industry acquisitions to date.” Under this acquisition, Staked will serve as an alternative approach to expedite Kraken’s products and custodial staking services from now on.

Kraken is now a leader in staking services and satisfaction for institutions. This synergy with Staked will allow Kraken to realize its long-held goal to increase the number of supported networks it has in the crypto market.

Jesse Powell, Kraken CEO said:

“We are excited to add Staked to our portfolio of yield products, which has seen great uptake by a growing population of crypto investors. 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.”

He mentioned that they are happy to welcome Staked’s clients to Kraken to experience their service. Powell also stated that they would treat clients with great respect while they build their client-based engagement portfolio with digital assets.

Tim Ogilvie of Staked expressed his enthusiasm for Kraken.

“Kraken’s acquisition of Staked represents an exciting new chapter for us. Kraken is a great partner because they share our passion for supporting proof-of stake networks. They also have a security-first mindset and a strong focus on customer experience. Combining our businesses will enable us to provide a more seamless experience and expand our product offering to meet our clients’ needs in staking and beyond.”

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