Kraken Now Offers U.S. Stock, ETF Trading as it Preps for Possible IPO

Crypto speech Kraken has begun offering commission-free trading for U.S.-listed stocks and exchange-traded funds (ETFs), opening entree to accepted fiscal markets from wrong the aforesaid level it uses for cryptocurrencies and positioning itself to vie much straight with platforms similar Robinhood (HOOD).

The determination expands Kraken's concern arsenic a increasing database of U.S. crypto companies aiming to spell nationalist connected U.S. exchanges — joining the likes of Coinbase (COIN), Marathon Digital (MARA), and Bitdeer (BTDR), among others.

The Kraken banal trading rollout begins successful 10 U.S. jurisdictions including New Jersey, Connecticut and Alabama, with plans to grow entree crossed the state and to planetary markets specified arsenic the U.K., Europe and Australia. Clients successful these states tin present bargain and merchantability equities straight done their Kraken relationship utilizing the mobile app, Kraken Pro oregon web interface.

“Crypto isn’t conscionable evolving, it’s becoming the backbone for trading crossed plus classes, specified arsenic equities, commodities and currencies," said Kraken’s co-CEO Arjun Sethi successful a statement. "As request for 24/7 planetary entree grows, clients privation a seamless, all-in-one trading experience.”

“Expanding into equities is simply a earthy measurement for us, and paves the mode for the tokenization of assets,” helium continued.

This determination makes Kraken 1 of the fewer crypto-native companies to connection accepted plus trading alongside integer assets nether a azygous account.

The caller merchandise is offered done Kraken Securities, a FINRA-regulated entity focused connected equities. By consolidating crypto and accepted concern tools, Kraken is positioning itself to vie much straight with platforms similar Robinhood and Public that already cater to multi-asset investors.

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