Kraken Revolutionizes Trading with xStocks: Tokenized U.S. Equities Now Available 24/5

Kraken Exchange has launched xStocks, a pioneering platform enabling round-the-clock trading of tokenized U.S. equities and ETFs. This innovative service tokenizes 60 major stocks, including giants like Apple and Nvidia, allowing for instant settlement and eliminating traditional clearing delays. While currently unavailable to U.S. persons, xStocks marks a significant leap in onchain trading, offering unparalleled flexibility and efficiency in the digital asset space.

Kraken Launches xStocks, Tokenizing 60 U.S. Equities for 24/5 Onchain Trading

Kraken Exchange has unveiled xStocks, a groundbreaking market enabling round-the-clock trading of tokenized U.S. equities and ETFs. The platform offers instant settlement for 60 major stocks—including Apple and Nvidia—by converting shares into onchain tokens, bypassing traditional clearing delays.

The service, currently unavailable to U.S. persons, eliminates trading hour restrictions and overnight fees. Kraken plans to expand its offerings with international equities and niche sector stocks, positioning xStocks as a democratizing force in equity markets.

"We're not waiting for the future. We're building it," declared Kraken's announcement. The MOVE signals growing institutional adoption of blockchain infrastructure for traditional financial instruments.

Ethereum Price Readies for Takeoff — Bulls Eye Fresh Highs

Ethereum's price has initiated a fresh upward trajectory, surpassing the $2,485 resistance level. The cryptocurrency now consolidates its gains, with market participants anticipating a potential breakout above the $2,520 threshold.

A bullish trend line has emerged on the hourly ETH/USD chart, anchored at $2,450 support. The asset maintains its position above both this level and the 100-hour Simple Moving Average, signaling sustained buying pressure. Technical indicators suggest stability above $2,400 could catalyze further appreciation.

The recent push beyond $2,500 encountered resistance NEAR $2,522, creating a local high before minor retracement. Critical Fibonacci levels at 23.6% and 76.4% of the $2,435-$2,522 swing now serve as potential inflection points for traders.