Digital currency exchange octopus acquires crypto staking firm staked -

Digital currency exchange octopus acquires crypto staking firm staked -

The digital asset company Kraken announced that it acquired the Staked staking platform Staked without custody for an unautaged amount. While the sum of the purchase was not announced, the company claims that it was "one of the greatest acquisitions in the crypto industry so far.

octopus acquires staking company without a custodian bank

on December 21st Krake announced that it took over the staking company demolished , a company that specializes in giving people access to proof-of-stake networks (POS). "Staked helps investors achieve income from staking and defi without taking their crypto assets in custody," explains the company's website. Kraken is one of the largest crypto exchanges worldwide in terms of trading volume and digital asset reserves.

In terms of global crypto-asset reserves, data from Bituniverse, Peckshield, Chain.info and Etherscan show metrics that octopus is the fourth largest stock exchange in relation to the reserves held today. According to the data, Kraken keeps $ 15.81 billion in digital assets, and these reserves make more than 102,000. from bitcoin (btc) and 2,27 million in Ethereum (ETH) on December 22nd. The takeover announcement states that octopuses want to play an important role in the provision of staking services for consumers and institutions.

"We are pleased to include staked in our portfolio of return products, which is strongly accepted by a growing number of crypto investors," commented Jesse Powell, CEO and co-founder of Kraken. "Staked is an excellent addition to our existing staking business and will enable us to further strengthen our product range with a first-class infrastructure for customers who prefer to keep their assets inserted," added Powell.

Data from the ProOF-of-Stake report (POS) written by Staked for the third quarter 2021.

Staked explains in his report on the third quarter 2021 that "Q3 was an absolute banner quartal for pos-crypto-assets." The report further explains that in the third quarter there were four Pos-Assets in the top ten and 28 POS crypto-assets in the top 100 coins after market capitalization. "The market capitalization of the TOP 35 POS-Assets represented 30 % of the total crypto market capitalization at the time [September 30]," wrote Staked at the time. "First accounting for POS-ANSASSET [More Than] 25 % of the total crypto market capitalization," adds the report.

The takeover of Staked is the fifth takeover of octopuses in 2021. Kraken also found that the company's trading volume in the areas of spot, margin and futures rose by 430 % this year. "The takeover of Saked by Kraken is an exciting new chapter for us," said Tim Ogilvie, CEO of Saked. Kraken is not the only crypto company that creates acquisitions such as the company Coinbase shoveled also in 2021 numerous startups.

What do you think that Kraken Staked takes over for a non -mentioned sum? Let us know your opinion on this topic in the comments below.

Jamie Redman

Jamie Redman is News Lead at Bitcoin.com News and a Finanztech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com news about the disruptive protocols that arise today.


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