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ADA Staking Added by Kraken Exchange

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Wed, 5/05/2021 - 10:47
ADA Staking Added by Kraken Exchange
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U.S.-based Kraken exchange, spearheaded and co-founded by Jesse Powell, announced the start of staking for the native token of the Cardano blockchain, ADA, ranked seven on CoinMarketCap.

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ADA staking launched by Kraken

The launch of ADA staking was announced on May 4 on Kraken's official Twitter handle.

According to the tweet, the initial annual staking rewards will be four-six percent.

ADA was initially listed by Kraken back in the fall of 2018.

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Image via Twitter

Related

ADA surpasses 2018 ATH, spiking to a new historic peak

This year, as Bitcoin surged above the $20,000 level, surpassing its 2017 all-time high, ADA began ascending from the $0.17 level where it had been trading since January 2020. Prior to that, the coin had been in a range of $0.04 after reaching an all-time high of $1 on Jan. 3, 2018.

On March 3 this year, the coin surpassed its 2018 historic peak, hitting a new all-time high of $1.25.

On April 14, ADA left this peak behind as well, soaring to the $1,44 level. At press time, the coin is sitting at $1.34, as per data from CoinMarketCap.

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Image via CoinMarketCap

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