Kraken has launched trading in US-listed stocks for eligible customers across the European Economic Area, adding traditional equities to its existing cryptocurrency and tokenised stock offerings. Eligible EEA customers can now access more than 7,000 US equities under Kraken's MiFID II authorisation.
The service is available through the desktop and mobile versions of Kraken Pro, as well as the Kraken mobile app. This move comes as cryptocurrency exchanges expand into traditional financial markets.
Key Features
Customers can now hold both traditional shares and their tokenised equivalents within the same regulated account without moving capital between platforms. According to Mark Greenberg, Chief Commercial Officer of Payward and Head of Payward Services, 'this launch eliminates the artificial divide between traditional and tokenized formats of the same asset.'
Trading Details
Trading in US equities is commission-free for eligible EEA customers, although spreads and foreign exchange costs may apply. The traditional equity service is provided by Payward Europe Digital Solutions Limited, a Cyprus-based entity authorised by the Cyprus Securities and Exchange Commission as a MiFID investment firm.
Kraken plans to expand the integrated stock offering to additional markets in the coming months. The company's xStocks have generated more than $38 billion in total transaction volume since launch.