Cardano (ADA) Staking Live on the US-Based Kraken Exchange

The veteran US exchange Kraken has added Cardano (ADA) staking as of May 4th. This comes amid the growing interest in the cryptocurrency, the price of which has been on a roll since the start of the year.

Staking in the cryptocurrency world requires the token holders to lock a certain amount of coins based on the proof of stake algorithm or any of its varieties. As such, they receive the right to vote and participate in the governance of the network and get rewards in new coins.
The trend has been gradually increasing in popularity among investors, and numerous crypto exchanges started offering such services.
The San Francisco-based veteran trading venue Kraken announced the addition of Cardano (ADA) on its staking platform yesterday. The firm said, “by staking ADA through Kraken’s market-leading staking service, you will take your place among the decentralized community of supporters helping to secure the Cardano network.”
As previously reported, Cardano reached full decentrali

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