Kraken, a cryptocurrency exchange, has agreed to end its crypto staking services for customers in the United States in lieu of a $30 million settlement with the US Securities and Exchange Commission (SEC). Kraken Crypto Staking Services Suspended After $30 Million Settlement The settlement with Kraken’s two operating companies, Payward Ventures, Inc. and Payward Trading Ltd., was announced on Thursday as the US regulator accused the exchange of not having registered its staking-as-a-service program. For locking cryptocurrencies with a blockchain validator, crypto holders receive rewards. Staked token holders gain access to rewards in newly mined cryptocurrencies, but they lose control The post Kraken Winds-Up Crypto Staking Services in The US After $30 Million SEC Settlement appeared first on Cryptoknowmics-Crypto News and Media Platform .
