Kraken bought staking company Staked

Representatives of the Kraken cryptocurrency exchange announced that their portfolio of lucrative products now includes investment manager Staked, who deals with blockchain infrastructure.

All clients of this company, according to the CEO of Kraken, will be able to get easy access to all exchange products. In turn, the general director of the acquired company said that he had made the right decision. Together with the cryptocurrency exchange, the Staked investment platform has a great future.

According to exchange analysts, Kraken's staking income increased by 950% in 10 months and in early November was at the level of $ 16 billion. In this regard, it became necessary to expand the services provided, and this investment company was acquired.

The amount spent on the acquisition of Staked was not disclosed. However, Kraken representatives said that this deal is one of the largest in the cryptocurrency industry.

This is not the first acquisition of a crypto exchange in the past couple of years. It includes companies such as Interchange, Bit Trade and Cryptowatch. Kraken is also set to go public by the end of 2022.

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