Share this article
Bitstamp to Stop Ether Staking in U.S. Amid Regulatory Scrutiny
The Luxembourg-based exchange said that all other services will remain unaffected.
Updated Aug 24, 2023, 6:40 a.m. Published Aug 24, 2023, 6:38 a.m.
Bitstamp says it's shutting down its staking service in the U.S. as of September 25 due to the regulatory environment in the country.
The Securities and Exchange Commission (SEC) has been on a warpath against staking, saying it meets the criteria of investment contracts under the Howey Test.
STORY CONTINUES BELOW
In February, Kraken agreed to shut down its U.S. cryptocurrency-staking operations to settle SEC charges over offering unregistered securities, following a closed-door meeting, CoinDesk reported at the time.
Meanwhile, a report from HashKey Capital shows that the ether Liquid Staking Derivatives market – which is decentralized and non-custodial, unlike services offered by exchanges – is projected to grow by $24 billion in the next two years, and Ether.Fi, a decentralized staking platform, closed a $5.3 million round in May.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
U.S. CFTC's Pham Moves for Do-Over on 'Actual Delivery' Guidance on Crypto
In what are likely her final days at the agency, the acting chairman checked another box from President Donald Trump's crypto agenda.
What to know:
- One of the leading U.S. regulators for crypto activity, the Commodity Futures Trading Commission, has scrapped its earlier definition for how assets change hands in a crypto commodities transaction.
- Acting Chairman Caroline Pham said the earlier guidance on "actual delivery" was withdrawn as part of President Donald Trump's efforts to create friendly crypto policies.
Top Stories
