Kraken introduces Bitcoin staking through Babylon integration

The post Kraken introduces Bitcoin staking through Babylon combination appeared on BitcoinEthereumNews.com. Kraken has introduced Bitcoin staking through Babylon integration, marking the exchange’s first offering that allows customers to earn yield on their BTC holdings without moving them off the Bitcoin blockchain. Kraken clients can now utilize Babylon’s protocol to assign their Bitcoin (BTC) to proof-of-stake blockchains while still keeping full ownership of their assets. Kraken joins other platforms like Binance and BitGo that have adopted Babylon’s infrastructure to provide native Bitcoin yield opportunities.

The announcement positions Kraken alongside a growing wave of institutions leveraging Babylon’s staking facilities. Kraken’s new staking service is now live across all interfaces, including Kraken Pro. Staking yields approximately 1% APR, with weekly child rewards, though rates may vary. The company noted that staking involves risk and is subject to local restrictions. Child token prices climbed nearly 5% after Kraken’s announcement but have since cooled. Source: crypto.news

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