Kraken launched its xStocks opt-in rewards program on Thursday, providing customers as much as 1% rewards for holding tokenized US shares and ETFs. This compensation program addresses a spot in conventional inventory markets, which usually lack accessible yield mechanisms aside from dividends. xStocks, Kraken’s 24/7 permissionless on-chain inventory product, permits crypto-native buyers to entry US shares and ETFs exterior of conventional market hours.
An opt-in construction permits customers to decide on to take part in a rewards program with out obligatory registration. xStocks is designed to introduce acquainted fairness merchandise into the decentralized ecosystem that many buyers already commerce in, extending conventional market entry right into a 24-hour crypto surroundings.
Supply: Kraken Weblog | Kraken Assist | Kraken xStocks
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