Best Liquid Staking Protocols
Top rated: Lido 8.2
Staking that hands you a tradable receipt token.
4rated →
Custodial like any exchange product, but priced far more honestly than Coinbase. The 2023 SEC settlement closed the old US programme; an on-chain staking product relaunched for clients in several US states in January 2025, so availability still depends on where you live.
Best for: Exchange staking with fees that do not quietly eat the yield
8.0 is the weighted average of the five pillar findings below. Does the job well with no material unresolved concerns.
Custodial. Kraken publishes Merkle-tree proof of reserves (30 Jun 2026: BTC 102.9%, ETH 100.5%, SOL 100.6% of client balances) and has not lost client funds to a hack of its own wallets. Proof of reserves does not cover Payward's other liabilities.
Commission is clearly published and materially lower than the main exchange competitor.
The Feb 2023 SEC settlement ($30M) closed US staking; Kraken relaunched it for clients in several US states in Jan 2025, and the SEC's wider suit was dropped in Mar 2025. No regulator currently restricts the staking product.
Reliable operation with a strong uptime record.
Simple flow for existing account holders, with clear jurisdiction disclosure.
Strengths
Against it
Custodial like any exchange product, but priced far more honestly than Coinbase. Kraken publishes a Merkle-tree proof of reserves you can check your own balance against, and the 30 Jun 2026 attestation showed every listed asset above its client balances. If you are going to stake on an exchange, this is how the fees should look.
The 2023 SEC settlement closed the old US programme. Kraken relaunched an on-chain staking product for clients in several US states in January 2025, and the SEC dropped its wider suit in March 2025, so access now depends on your state rather than on an open enforcement action.
Kraken ranks higher in this table, and the gap is almost entirely commission. Coinbase keeps 35% of rewards on most assets; Kraken’s published commission is materially lower for the same custodial convenience.
In several states, since January 2025, after the 2023 SEC settlement closed the earlier programme. Check your state in the app before assuming access.
Kraken’s Merkle-tree attestation covers client balances by asset, and you can confirm your own balance is included. It does not show Payward’s other liabilities, and a private company has no public audited balance sheet.
Assessed by
By James Park
NFT & Web3 Gaming Analyst · September 27, 2026
CoinRadar Daily is a non-commercial project. We have no commercial relationship with Kraken Staking, earn nothing from any link on this page, and carry no advertising or sponsorship anywhere on the site. Findings rest on public sources; we did not open an account or transact.
Rubric v2.0How we score →
Independent, rubric-scored tables for the services behind this story.
Top rated: Lido 8.2
Staking that hands you a tradable receipt token.
4rated →
Top rated: Trezor Safe 5 8.6
Devices whose only job is to keep a key away from the internet.
5rated →
Top rated: Kraken 8.4
Centralised venues that hold your funds while you trade.
6rated →