Kraken Unleashes Bitcoin Staking Bonanza with Babylon!

Revolutionary Move Lets You Earn on Your BTC Without Leaving the Bitcoin Blockchain

Kraken just dropped a bombshell with its new Bitcoin staking feature, powered by Babylon. This is the first time Kraken's letting its clients juice up their BTC holdings for some sweet yield, all while keeping their coins snug on the Bitcoin blockchain. No moving parts, just pure, unadulterated earning potential!

In a fiery June 19 blog post, Kraken threw down the gauntlet, joining the ranks of institutions riding the Babylon wave. Now, Kraken users can dive into Babylon's staking pool, assigning their Bitcoin to proof-of-stake blockchains without losing an ounce of control over their assets. It's a game-changer!

Kraken's pulling no punches with this move, sidestepping the usual headaches of traditional staking. No wrapping, no bridging, just straight-up Bitcoin staying right where it belongs. They're not lending it out or playing any funny business with your coins. It's all about keeping it real on the Bitcoin blockchain.

Babylon's smart contract magic lets you stake your assets to beef up those PoS networks. And guess what? You get BABY tokens as a reward, Babylon's own native crypto. They've got a seven-day unbonding period, clear-as-day reward tracking, and a no-nonsense approach to keeping bad actors in check.

Mark Greenberg, Kraken's head honcho of consumer stuff, is pumped about this launch. "We've got a ton of idle Bitcoin just sitting around on our exchange," he said. "Now, our clients can put that BTC to work and earn while helping to shore up these new PoS blockchains. It's a win-win!"

Kraken's not alone in this party. Big names like Binance and BitGo are also riding the Babylon train, offering their users a piece of the Bitcoin yield pie. Since Babylon's Genesis mainnet kicked off in April 2025, over 57,000 BTC—worth a staggering $5.6 billion—have been staked. That's some serious institutional muscle flexing right there!

Up until now, less than 1% of all Bitcoin has been playing in the DeFi sandbox, mainly because of the tech headaches and security risks of moving BTC around. But Babylon's trustless delegation from Bitcoin to PoS networks? It's like a greased lightning bolt, smoothing out those wrinkles and supercharging BTC's role in the wild world of crypto.

Kraken's staking party is live across all their platforms, including Kraken Pro. You could be looking at up to 1% APR, with weekly BABY rewards coming your way. But hey, rates can shift, and staking isn't without its risks. Plus, some regions might not be invited to this particular fiesta. After Kraken's announcement, BABY token prices shot up nearly 5%, but they've since chilled out a bit.