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US-based Kraken exchange, spearheaded and co-founded by Jesse Powell, announced the start of staking launched 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.
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 January 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 the time of writing, the coin is sitting at $1.34, as per the data from CoinMarketCap.