Kraken Launches Stock Trading in the US

Kraken has expanded its services to include traditional finance, launching access to over 11,000 US-listed stocks and ETFs on April 14. The crypto trading firm now enables users to trade equities commission-free through Kraken Securities LLC, a new FINRA-regulated division. This service is initially available in ten US jurisdictions.

Residents of New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama, and Washington, D.C. can now access this new offering. Kraken plans to extend the service to more states and global markets, including the UK, Europe, and Australia. This move aligns with Kraken's strategy to integrate traditional and digital finance.

Kraken aims to simplify investing by providing access to stocks, ETFs, crypto, stablecoins, and cash on a single platform. Co-CEO Arjun Sethi stated that this expansion lays the groundwork for future innovation in trading. This development follows Kraken's $1.5 billion acquisition of NinjaTrader and reported plans to raise $1 billion in debt.