Kraken Launches Fixed Rate Rewards for Eligible Cash and Stablecoin Balances
Kraken announced Fixed Rate Rewards on September 3, 2026, offering eligible clients fixed annual percentage yields of up to 6% on supported cash and stablecoin balances.
The Kraken Earn feature allows clients to select a 3-, 6-, 12-, or 18-month term. The offered rate is locked for the selected term, while rewards compound weekly.
The product is subject to geographic and client-eligibility restrictions. In the United States, participation is limited to accredited investors.
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How Kraken Fixed Rate Rewards works
Eligible clients can place supported balances into a fixed-term rewards arrangement through Kraken Earn. Available term lengths are three, six, 12, and 18 months.
Rewards compound weekly during the selected term. Clients can also choose an auto-renewal option, which allows a position to renew when its current term ends.
- Terms available: 3, 6, 12, or 18 months
- Offered rates are fixed for the selected term
- Rewards compound weekly
- Auto-renewal is optional
Supported balances and eligibility limits
Kraken said the offering supports eligible balances in USD, EUR, USDT, USDC, and USDG. Access depends on both location and individual eligibility.
The company’s announcement places a specific restriction on U.S. access: only accredited investors may participate. Clients should therefore consider the applicable availability terms rather than assuming the product is offered in every jurisdiction.
- Eligible assets include USD and EUR
- Supported stablecoins include USDT, USDC, and USDG
- Geographic and eligibility restrictions apply
- U.S. participation is limited to accredited investors
How the new announcement compares with Kraken’s July offer
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Kraken previously announced, on July 28, 2026, a Fixed Rate Rewards offer advertising up to 7% APY for accredited U.S. investors. The September announcement advertises up to 6% APY for its broader eligible-client product.
The two advertised maximum rates should not be treated as directly equivalent. The July offer was specifically framed for accredited U.S. investors, while the September product includes geographic and eligibility restrictions and lists supported cash and stablecoin balances.
Kraken’s broader product activity also includes developments around its Ink ecosystem, including its kHYPE wrapped-token initiative for DeFi applications.
Continue reading: Kraken’s kHYPE wrapped-token initiative for DeFi applications on BTCNews.
Continue reading: Kraken’s law-enforcement requests and India reentry plans on BTCNews.
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Sources
- Kraken Blog: Kraken launches Fixed Rate Rewards, giving eligible clients fixed APYs of up to 6% on cash and stablecoins
- Kraken Blog: Kraken launches Fixed Rate Rewards, giving accredited US investors fixed APYs of up to 7% on cash and stablecoins
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