Kraken Expands into Traditional Finance with US Stock Trading Launch

Kraken, a leading cryptocurrency exchange, has taken a significant step into traditional finance by introducing stock and ETF trading in the US. This move marks a strategic expansion beyond its crypto roots, aligning with its vision of bridging digital and conventional financial markets.

Kraken Launches Stock Trading in the US

Kraken, a crypto trading firm, has expanded beyond cryptocurrency by launching access to over 11,000 US-listed stocks and ETFs through Kraken Securities LLC, a newly launched FINRA-regulated arm. The service is currently available to residents in ten US jurisdictions, with plans to expand to more states and global markets in the future. This expansion aligns with Kraken’s vision of merging traditional and digital finance, providing a bridge between crypto and traditional finance.

Kraken Launches Stock and ETF Trading in U.S.

Kraken, a U.S. crypto exchange, has announced the launch of stock and exchange-traded fund (ETF) trading in certain states and the District of Columbia. The company, based in San Francisco, California, said that trading for U.S. equities is commission-free and would eventually be available to all American investors. Over 11,000 stocks and ETFs that trade on the NYSE, NASDAQ, and other American stock exchanges are available on the platform. ETFs are popular investment vehicles that give investors exposure to assets via stocks that trade on exchanges. Kraken’s Co-CEO Arjun Sethi stated that as demand for 24/7 global access grows, clients want a seamless, all-in-one trading experience.