Tezos has now entered the top 10 by market cap, surpassing Cardano this afternoon after posting yet another double-digit gain for the day.
The open-source blockchain platform is now only a 50% move away from position number 9, currently held by BSV.
It is currently the best performing coin over 24 hours while the rest of the market has been moving down in value.
Tezos announced staking on the Kraken exchange on December 11th causing the price to move from a low of $1.40 to $1.74 at the time of writing.
Kraken has become the second platform to announce the launch of staking service where you can leverage your Tezos holdings thereby safeguarding the network in order to obtain a financial reward.
Holders of Tezos on Kraken and can enjoy one of the highest returns in the industry at a fixed rate of 6% payout that will be every Monday and Thursday.
Users of the exchange can start earning rewards immediately and if they so choose they can also exit the staking scheme quite easily as well.
￼Kraken is the second leading exchange offer Tezos staking to its customers.
Coinbase launched their own Tezos staking service last month and Coinbase Custody who handle institutional investments for the San Francisco based exchange followed suit shortly afterwards.
Staking for Tezos on Kraken will be available from Friday, December 13.
You can stake your Tezos on Kraken from Friday
To begin you need to put Tezos into your Kraken staking wallet and you will start to get your awards instantly.
Customers that stake Tezos will receive a 6% return annually with the only proviso being that the tokens staked cannot be used to trade on the exchange
The positive news has seen Tezos move in the opposite direction of the market today posting a double-digit increase for the 24 hour period and is currently valued at $1.74 at the time of writing.￼￼￼￼￼