Kraken, one of the world’s largest cryptocurrency exchanges, has launched commission-free trading for over 11,000 U.S.-listed stocks and exchange-traded funds (ETFs), marking its first major expansion beyond digital assets. The rollout, which began on April 14, is initially available in ten U.S. states, including New Jersey, Connecticut, Wyoming, and Alabama, with plans for a nationwide and international expansion.
The new service is powered by Kraken Securities, a Financial Industry Regulatory Authority (FINRA)-regulated division of the company. This allows users to trade stocks, ETFs, cryptocurrencies, stablecoins, and cash within a single platform, eliminating the need for multiple trading accounts.
Kraken’s move into equities aligns with its broader strategy to integrate traditional and digital assets, offering a seamless, all-in-one trading experience.
Quicker reinvestment
A key feature of Kraken’s stock trading service is fractional trading, which enables users to purchase portions of high-priced stocks rather than full shares. This makes investing in companies like Tesla, Amazon, and Apple more accessible to retail investors.
Additionally, Kraken offers instant reinvestment, allowing users to immediately allocate funds from stock sales into new investments, including cryptocurrencies.
Kraken’s expansion into traditional finance comes amid growing demand for 24/7 global trading access. The company’s co-CEO, Arjun Sethi, emphasized that the future of trading is borderless, always on, and built on crypto rails. He noted that Kraken’s entry into equities paves the way for asset tokenization, a process that could further integrate blockchain technology into traditional financial markets.
Shogun Lin
