In a major development for US crypto investors, Uphold has announced the resurrection of its staking services, marking a significant shift in the platform’s US operations. The move comes after the exchange temporarily suspended these services in 2023, with the platform now offering staking capabilities across 19 different cryptocurrencies.
Key Highlights of Uphold’s Staking Relaunch
- 19 stakeable assets including ETH, SOL, ADA, DOT, and HBAR
- Service resumption follows successful UK relaunch
- Compliant with updated US regulatory framework
Market Impact and Opportunities
This strategic move by Uphold coincides with Solana’s recent price surge above $200, potentially offering US investors new opportunities to earn passive income through staking. The timing is particularly significant as the crypto market continues to show strong institutional adoption signals.
Technical Implementation and Security
Uphold has implemented robust security measures and compliance protocols to ensure safe staking operations. The platform’s infrastructure has been upgraded to handle increased staking demand while maintaining operational efficiency.
Future Outlook
Industry analysts predict this move could trigger similar service revivals across other US-based exchanges, potentially leading to increased competition in the staking services sector. The development represents a positive shift in the US crypto regulatory landscape.
Source: Bitcoin.com