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What to know:
- Kraken now lets some users trade U.S. stocks and ETFs commission-free, alongside crypto, from one account.
- The rollout begins in 10 states, with plans to expand across the U.S. and into Europe, the U.K. and Australia.
- The move puts Kraken in direct competition with Robinhood and advances its push toward asset tokenization.
Kraken, a digital currency exchange, is now providing commission-free trading for stocks and ETFs listed in the U.S., making it possible for users to trade traditional financial markets through the same platform they use for cryptocurrencies. This move puts Kraken in a more competitive position against platforms such as Robinhood (HOOD), as it bridges the gap between the crypto and traditional financial markets.
The action broadens Kraken’s business scope, as more U.S.-based cryptocurrency firms seek to list on American stock exchanges – a group that now includes companies such as Coinbase (COIN), Marathon Digital (MARA), and Bitdeer (BTDR), among others, who are also making the same move.
Starting in 10 American regions like New Jersey, Connecticut, and Alabama, as well as aiming to broaden availability nationwide and globally in areas such as the U.K., Europe, and Australia, the launch of Kraken stock trading is underway. This means that clients residing in these states can now execute trades for equities directly via their Kraken account, whether through the mobile app, Kraken Pro, or web interface.
In a recent statement, Kraken’s co-CEO, Arjun Sethi, expressed that cryptocurrency is not just developing, but it’s increasingly serving as the foundation for trading various types of assets like stocks, commodities, and currencies. As the desire for around-the-clock global access escalates, clients are seeking a smooth, all-inclusive trading experience.
Moving into stocks represents a logical progression for us, opening up the path towards digitizing our assets,” he explained further.
With this action, Kraken now stands among the limited number of digital currency-focused firms that enable users to trade both conventional assets and cryptocurrencies from a unified platform.
The new product is being provided via Kraken Financial, a financial institution overseen by FINRA and specializing in equities. By merging cryptocurrency and conventional finance resources, Kraken aims to challenge platforms such as Robinhood and Public, which currently serve a wide range of multi-asset investors more directly.
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2025-04-14 18:45