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Crypto exchange Kraken to offer US-listed stocks' trading

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Kraken will initially offer trading in the United States and the United Kingdom through a service built by a new division called Kraken Securities, and is targeting to launch the service in 2024, the report said. It already holds the required regulatory permits in the United Kingdom and has applied with the Financial Industry Regulatory Authority for a broker-dealer license in the United States, the report added. 'While we can’t comment on rumors or speculation, we’re looking to broaden and enhance our offering so clients continue to have secure and seamless access to Kraken’s full product suite,' a company spokesperson told Reuters.

Illustration shows Kraken cryptocurrency exchange logo

Kraken will initially offer trading in the United States and the United Kingdom through a service built by a new division called Kraken Securities, and is targeting to launch the service in 2024, the report said.

 

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Crypto Exchange Kraken Plans to Offer Trading in US-Listed StocksKraken plans to offer trading in US-listed stocks and exchange-traded funds, marking the 12-year-old company’s first foray outside its cryptocurrency roots.
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