Kraken Collaborates with Solana Foundation to Launch 24/7 Tokenized Stocks Trading

Solana (SOL) and Cardano (ADA) are currently in a consolidation phase, with traders closely monitoring potential breakout opportunities. SOL has seen an 18% increase over the past month, though its weekly gain has slowed to 1.52%. In a significant development, Kraken, Backed Finance, and the Solana Foundation have joined forces to introduce tokenized stocks (xStocks), enabling round-the-clock trading. Meanwhile, Remittix (RTX) is gaining traction as a disruptive player in the crypto space. This article delves into the latest trends and innovations shaping the cryptocurrency market as of May 2025.

Solana, Cardano Prices Await Breakout as XRP Rival Remittix Gains Momentum

Solana (SOL) and Cardano (ADA) remain range-bound, with traders eyeing potential breakout signals. SOL has risen 18% over the past month but shows signs of slowing momentum, posting just a 1.52% weekly gain. The network continues to innovate, with Kraken, Backed Finance, and the Solana Foundation collaborating to launch tokenized stocks (xStocks) for 24/7 trading.

Meanwhile, Remittix (RTX) emerges as a disruptive force in cross-border payments, raising $15.4 million in presale at $0.0781 per token. While established altcoins consolidate, this XRP competitor demonstrates how niche solutions can capture market attention during periods of broader stagnation.

Bunq Integrates Crypto Trading in European Banking App via Kraken

Dutch neobank Bunq has capitalized on Bitcoin’s recent price surge by embedding cryptocurrency trading directly into its mobile banking interface. The feature, now live in six European markets, allows users to buy and sell over 350 digital assets through Kraken’s liquidity while maintaining euro deposit protection up to €100,000.

The integration marks a significant step in mainstream crypto adoption, combining traditional banking services with digital asset exposure under a single login. Users undergo sub-minute identity verification before gaining access to a simplified trading interface that temporarily locks sale proceeds for 24 hours as a security measure.

Bunq’s crypto offering currently serves France, Ireland, the Netherlands, Spain, Italy, and Belgium, with Germany scheduled for later rollout. The bank’s subscription-based fee structure applies to transactions, positioning the service as a bridge between conventional finance and the growing digital asset ecosystem.