Kraken The Crypto Exchange Adds Support for Tezor Staking

Must Read

Bitcoin Bull Rally Incoming? Market Price Keeping Below the Production Cost Ahead of Halving

Bitcoin is staying above its crucial level $9,000 for sometime now while experiencing some...

Trader shares the “Very Reason All Investors Should Hold some Bitcoin”

In 2020, the price of the leading asset had one of its worst one-day drops...

Bitcoin Sees an Influx of Retail Interest with Investors Doubling Down on HODLing

After tumbling down to below $6,500 yet again, Bitcoin went back above $7,000 in...
- Advertisement -BTCClicks.com Banner
Earn Free Bitcoin

Cryptocurrency exchange Kraken is launching support for Tezos (XTZ) staking, according to an announcement published on Dec. 11.

Starting on Dec 13., Kraken will enable its users to trade with XTZ and obtain instant financial rewards. To begin staking XTZ, users have to put the cryptocurrency into their Kraken Staking Wallet, but already having XTZ in their Spot Wallet.

Those users who stake XTZ will reportedly receive a 6% return annually, with rewards paid two times a week. Kraken further notes that it will charge clients a 15% service fee on staked rewards, as well as that staked tokens are inaccessible for trading or withdrawal.

Kraken’s recent developments

The news comes on the heels of a recent announcement that Kraken added support for the Swiss franc. The Kraken team further revealed that it will roll out trading pairs between the Swiss franc and Bitcoin (BTC) and Ether (ETH), with the future possibility to add more trading pairs.

In late October, Kraken began listing OmiseGO (OMG) and PAX Gold (PAXG) tokens. Also, Kraken joined the Silvergate Exchange Network (SEN), which enables its clients to deposit and withdraw U.S. dollars from Silvergate accounts with no fees.

Major exchanges add staking support

Earlier in December, the second-largest cryptocurrency exchange in terms of daily trade volume, Binance, announced support for XTZ staking. Initially, Binance’s CEO Changpeng Zhao hinted at the possibility of staking in September, when the exchange initially listed the coin with three trading pairs against Bitcoin, Tether (USDT) and Binance Coin (BNB).

Major American crypto trading platform Coinbase’s custody arm announced that it is transitioning to an internationally-based staking service, in November. Coinbase Custody thus appears to be leveraging its brand recognition to promote staking as a key emergent investment strategy for the blockchain and cryptocurrency space.

- Advertisement -
- Advertisement -

Latest News

Wyoming Amends Insurance Code to Allow Insurance Companies to Invest in Bitcoin & other Cryptos

In the first provision of its kind, Wyoming is allowing the domestic insurers to invest...
- Advertisement -Earn Free Bitcoin

Its’ Finally Here A 100% Local Non-Custodial P2P Cryptocurrency Marketplace.

Finfreeotc is soon launching a one of a kind peer to peer cryptocurrency market place. Their marketplace is 100% non-custodial,...

WorldMarkets continues with the success of its trading artificial intelligence

Today we live in the information age, and access to information is unlimited. And that produces the paradox of misinformation. That's why...

MyTvchain.com Records Growth for The First Blockchain ​​Web Tv Platform Dedicated to Sport Clubs And Athletes

Sophia Antipolis (France) and Singapore: The first web TV platform dedicated to sports clubs and athletes opened in...

Crypto-Broker Instacoins Receives Operating License in Estonia

Instacoins Estonia OÜ, a cryptocurrency brokerage, is pleased to announce it has received an operating license from the Estonian Financial Intelligence Unit (FIU). The...