Kraken launching Tezos Staking! According to an announcement published today, Kraken launching Tezos Staking and support for Tezos!
Starting this Friday, Kraken will allow its users to trade with XTZ and obtain instant financial rewards. To begin staking XTZ, users have to put their cryptocurrency into their Kraken Staking Wallet, but already have XTZ in their Spot Wallet.
Stakers of XTZ will reportedly earn 6% in returns annually, with rewards paid out two times a week. Kraken has confirmed that those staked tokens are inaccessible for trading or withdrawal.
The news follows Binance announcing that they would support XTZ staking. Coinbase has also confirmed that they want to transition their custody arm to be an internationally based staking service as well.
What do you think? Let us know on our Facebook page!
