Kraken Bridges DeFi and CeFi with New Earn Service Offering Up to 8% APY on Stablecoins

On February 4, 2026, leading cryptocurrency exchange Kraken announced a significant stride in mainstreaming decentralized finance with the launch of its DeFi Earn service. This innovative product is designed to offer users the attractive yields of DeFi—up to 8% Annual Percentage Yield (APY) on cash and stablecoin deposits—through the simplified, secure, and familiar interface of a centralized platform. By automatically routing user funds into audited, on-chain DeFi vaults, Kraken effectively removes the technical barriers and complexities that have traditionally deterred the average investor from participating in decentralized finance. This move represents a pivotal convergence of centralized finance's (CeFi) user experience with the yield-generating potential of DeFi, signaling a major step toward broader adoption. For bullish practitioners, this development underscores the maturation of the crypto-finance sector, where established institutions are building crucial bridges to onboard the next wave of users into the expansive world of decentralized financial applications, all while mitigating risk and enhancing accessibility.

Kraken Launches DeFi Earn Service Offering Up to 8% APY on Stablecoins

Kraken has unveiled its new DeFi Earn service, designed to simplify decentralized finance for mainstream users. The platform now offers up to 8% annual percentage yield on cash and stablecoin deposits, eliminating the technical hurdles typically associated with DeFi participation.

The service automatically routes funds into audited onchain vaults while maintaining Kraken's familiar centralized interface. This strategic MOVE bridges the gap between centralized and decentralized finance, allowing users to earn yield without managing private wallets or navigating complex DeFi protocols.

Kraken's integration of automated yield strategies marks a significant step in institutionalizing DeFi adoption. The platform handles all onchain operations in the background, converting deposits as needed and allocating liquidity to established lending protocols.

Kraken Parent Company Payward Reports 33% Revenue Growth in 2025

Payward, the parent company of cryptocurrency exchange Kraken, posted a 33% increase in adjusted revenue for 2025, reaching $2.2 billion. Trading volume surged 34% to $2 trillion, with trading-based revenue accounting for 47% of the total. Asset-based revenue grew in tandem with platform assets, which ROSE 12% to $48.5 billion.

The company's adjusted EBITDA climbed 26% to $531 million, reflecting robust performance across both trading and asset management segments. Futures products saw notable traction, driven by integrations with NinjaTrader, Breakout, and Backed Finance. Kraken's liquidity depth and sustained user engagement remain key growth drivers.