Case summary
What happened
Kraken offered staking-as-a-service to customers. In February 2023, the SEC announced a settlement requiring Kraken to stop offering the program to U.S. investors and pay penalties. Kraken later introduced a new staking product for eligible U.S. clients in selected states, making the record a regulatory product-change case rather than a platform collapse.
Customer result
Customer outcome
Not applicable
Kraken Staking is tracked as a regulatory product-change record. It is not a customer insolvency or bankruptcy-recovery case.
- Estimated recovery
- Not applicable
- Repayment started
- —
- Repayment completed
- —
- Confidence
- High
Asset treatment
Terms risk
Varies by product
Use product-dependent classification because this is a regulatory staking-service record, not a lending platform bankruptcy case.
- Affected product
- Kraken U.S. staking-as-a-service program and later eligible staking products
- Confidence
- High
Kraken staking customer treatment varied by product design, jurisdiction, and staking terms rather than an insolvency claim process.
Source: SEC charges Kraken with failing to register staking-as-a-service program
Known unknowns
Uncertainty
This record is about the staking product, not Kraken as an exchange. Jurisdictional eligibility and staking terms changed over time and should be tracked as product events.
Chronology
Historical record
Kraken staking services begin operating
Kraken developed exchange-linked staking services that allowed customers to earn rewards through a managed staking program.
Launch year is approximate and should be refined with archived product pages.
SEC announces Kraken staking settlement
The SEC announced that Kraken agreed to cease offering staking-as-a-service to U.S. clients and pay $30 million in disgorgement, interest, and civil penalties.
Core regulatory product-change event.
U.S. Kraken staking service ends under settlement
Kraken ended the relevant U.S. staking-as-a-service program after the settlement, while non-U.S. staking availability and future product designs remained separate questions.
U.S.-specific service end, not full Kraken platform end.
No direct evidence linked to this event yet.
Kraken launches new staking product for eligible U.S. clients
Kraken announced a new staking product for eligible U.S. clients in selected states after the earlier settlement, creating a product-transition history rather than a simple permanent shutdown record.
Treat as redesigned or relaunched staking availability, not the same as the settled 2023 product.
Source record
Evidence dossier
Filter by claim, reliability, source type, and whether evidence is linked to a specific event.
Entity
1 sourcesKraken staking product page
Kraken
Supports current official staking product identity and URL.
Event
3 sourcesSEC charges Kraken with failing to register staking-as-a-service program
U.S. Securities and Exchange Commission · 2023-02-09
Primary regulatory source for the Kraken staking settlement.
Kraken to end crypto staking service for U.S. clients and pay $30 million settlement
Reuters · 2023-02-09
Supports settlement amount and U.S. staking-service shutdown context.
Kraken launches new staking experience for U.S. clients
Kraken Blog · 2025-01-30
Official source for later U.S. staking product availability.
No evidence records match the current filters.
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