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ADA Staking Added by Kraken Exchange

News
Wed, 05/05/2021 - 10:47
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Yuri Molchan
One of the leading US-based crypto exchanges Kraken has launched staking for Cardano’s ADA
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.

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

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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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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.