High-profile crypto exchange platform Kraken reportedly revealed details related to its completed acquisition of blockchain infrastructure firm and investment manager Staked for an unspecified sum.

Particularly, on December 21st, Kraken – the crypto exchange looking to achieve $10 billion in valuation – reportedly disclosed details of its decision for including Staked in its portfolio of yield products, after the purchase was finalized. 

The firm reportedly regarded the Staked acquisition as “one of the largest crypto industry acquisitions to date” but did not disclose the amount.

Per Head of Kraken, Jesse Powell, Staked users will reportedly have the ability to tap into Kraken’s portfolio of yield products. 

Tim Ogilvie – Head of Staked – further mentioned the exchange’s “commitment to offer assistance to proof-of-stake networks”, together with its track record on customer experience and security, regarding its decision to move forward with the acquisition.

“As we gear up for 2022, Kraken is celebrating its continued growth and success with the expansion of its ‘staking’ tentacle through the acquisition of Staked. Check out our blog for more details about this exciting deal! https://t.co/26WfBKqO3F pic.twitter.com/WP9pjjkueN — Kraken Exchange (@krakenfx) December 21, 2021”

The crypto exchange also shared that its staking business reportedly witnessed the development of over 950% since the start of the year, to achieve the $16 billion benchmark in November.

This result may reportedly have been fueled partially by vehicles in which to invest in Ether (ETH) and earn staking rewards.

Kraken has reportedly finalized the acquisition of a few firms across the last years, which possess connections with its staking business and otherwise. 

Since 2017, the company has completed the purchase of accounting and portfolio reconciliation service provider Interchange, Australian crypto exchange Bit Trade, and Cryptowatch, among others.