Over 100k Ethereum Invested through Kraken in less than a Week

News • 2020/12/09 • by

In less than a week of starting its ETH 2.0 funding service, clients of the famous United States-based crypto trading firm have invested over 100,00 ETH valued at $60 million.

Kraken reached the landmark on the 8th of December, with the trading firm evaluating that its funding operation indicates roughly 8% of all Ethereum invested for ETH 2.0 presently. The trading firm also estimates that its operation will offer an APY of 5% to 17%.

Major Updates

Kraken holds about 8% of the total ETH staked for ETH2.0

The exchange boast over 10% of the total BTC trading volume

OKEx and MyEtherWallet joins staking pool

Jeremy Welch, the trading firm's product VP, mentioned that the trading firm has been supporting Ethereum for a while, stating that Kraken is one of the pioneer trading firms to have listed ETH in 2015.

Jeremy also stated that Kraken transaction volume is usually equal to within 15% to 40% of day to day BTC market as of 1st of December.

Kraken isn't the only trading firm offering ETH 2.0 funding services, with other trading firms such as Huobi and Binance starting theirs too in the last one week.
MyEtherWallet is following the trend after announcing the integration of a staking Decentralized Application called "Staked."

What do you think of Kraken's service? Let's discuss in the comments.