RATE Group | Crypto Exchange Kraken Adds Support for Tezos Staking
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Crypto Exchange Kraken Adds Support for Tezos Staking

11 Dec Crypto Exchange Kraken Adds Support for Tezos Staking

Posted at 20:07h in Cryptocurrency News by

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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 staked tokens are inaccessible for trading or withdrawal.

Kraken confirmed to Cointelegraph that the exchange is looking to add additional Proof-of-Stake protocols but declined to name new coins to be added.

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…

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