Kraken Supports Trading of 11,000 US Stocks, ETFs; Expands into Traditional Finance
Summary
- Kraken announced that it is expanding into the traditional financial market by offering trading services for 11,000 US stocks and ETFs.
- Kraken users can now engage in commission-free cross-trading of stocks and cryptocurrencies.
- This service is a stepping stone towards asset tokenization, and Kraken stated it aims to be at the forefront of this change.
Global cryptocurrency exchange Kraken is launching trading services for 11,000 US stocks and exchange-traded funds (ETFs).
On the 14th, cryptocurrency-focused media CoinQ reported, "Kraken's subsidiary, Kraken Securities, is launching commission-free trading services for US stocks and ETFs in certain states such as New Jersey, Connecticut, and Wyoming." With this trading support, Kraken users can easily cross-trade cryptocurrencies and stocks on the same platform.
Arjun Sethi, Co-CEO of Kraken, stated, "Cryptocurrencies are not just evolving but are becoming the foundational infrastructure for cross-asset trading," adding, "Kraken's entry into the stock market is a step towards asset tokenization, and Kraken will continue to lead this change."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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