Kraken Unlocks New Ethereum Restaking Rewards—But U.S. Customers Miss Out!

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Kraken has launched a new feature allowing non-U.S. customers to “restake” their staked Ethereum (ETH) on the EigenLayer protocol, enhancing their earning potential. With Kraken subsidiary Staked serving as a validator, users can now earn additional rewards without needing to unstake their ETH. This move aims to make restaking more accessible to a broader audience, with rewards available in either fiat or crypto on Kraken’s platform. Restaking, which involves using staked assets across multiple protocols, has surged, with the total value locked in restaking tokens reaching $11 billion this year. The feature is limited to select regions outside the U.S. due to regulatory restrictions.