Only four days following the release of its Eth2 staking solution, deposits made by the clients of US-based exchange heavyweight Kraken have surpassed 100,000 Ether (around $60 million). 

Specifically, the overall number crossed the milestone on December 8th, with Kraken generating insights claiming that its staking solution reportedly accounts for around 8% of every ETH staked for Ethereum 2.0. By the exchange’s estimation, its service will offer an APY falling between 5% and 17%.

Kraken’s vice president of product, Jeremy Welch, reportedly remarked that the firm has been adopting a pro attitude when it comes to Ethereum, noting that Kraken was among the leading exchanges to finalize the listing of said coin in August 5 years ago. 

Welch further stated that Kraken’s ETH trading volumes typically fall in the same range, between 15% and 40%, of day-to-day Bitcoin trade as of Dec. 1.

Numerous different entities have also taken initiative to provide Eth2 staking as a service. Binance, Huobi, and Bitcoin Suisse have all rolled out their self-developed services throughout the first week of December. OKEx also has plans down its pipeline to make its own service available towards the end of December, whereas “Coinbase” will take part in the game at the start of next year. 

Ethereum wallet interface MyEtherWallet has reportedly also disclosed details regarding its initiative to integrate a staking DApp dubbed ‘Staked’, which enables staking activities for its users through the firm’s web interface or Android wallet application. 

“MEW is rightly regarded as one of the original Ethereum wallets and it is only fitting that MEW users can now take advantage of our staking infrastructure to participate in Ethereum’s major upgrade.”