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More than 100,000 ETH locked for staking via Kraken in four days

Published 12/08/2020, 09:36 PM
Updated 12/08/2020, 11:20 PM
More than 100,000 ETH locked for staking via Kraken in four days
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Just four days after it launched its Eth2 staking service, customers of the popular U.S.-based cryptocurrency exchange Kraken have deposited more than 100,000 Ether, worth north of $60 million.

The milestone was surpassed on Dec. 8, with the exchange estimating that its staking service represents approximately 8% of all ETH staked for Ethereum 2.0 so far. Kraken estimates that its service will provide an APY of between 5% and 17%.

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