Kraken, one of the longest-standing and most secure cryptocurrency platforms, on Monday, April 14, announced the initial launch of commission-free trading of more than 11,000 US-listed stocks and ETFs to clients in Wyoming, Oklahoma, New Jersey, Connecticut, Iowa, Idaho, Kentucky, Alabama, Rhode Island and the District of Columbia.
It was also noted that the mentioned solution will consistently expand nationally and will eventually be available to all eligible clients in the United States.
Now Kraken customers in several US regions can seamlessly manage stocks, cryptocurrency, cash, and stablecoins. It is worth noting that the all-in-one-place principle applies in this case. The mentioned actions can be performed by customers through the Kraken mobile app, the Kraken Pro app, or the Kraken Pro web.
Moreover, a cryptocurrency platform offers fractional trading to consumers of more than half of the listed assets. In this case, clients are allowed to invest in markets with greater flexibility. For traders, in a practical sense, the mentioned offering from Kraken provides such a kind of option as buying less than one full share of a high-priced stock. This makes partial ownership in a company more accessible.
The future of the financial sector as a kind of functional space of the new technological generation is gradually becoming a reality that consumers can already interact with. The integration of digital and traditional assets is a factor that defines the principles of investing in a new way. By launching commission-free trading, Kraken goes beyond the cryptocurrency environment for the first time, allowing customers to easily buy stocks with US dollars. This opportunity to rotate between digital assets and shares is powered by Kraken Securities LLC, a new FINRA-regulated division of the company.
Arjun Sethi, Kraken’s co-chief executive officer, stated that cryptocurrency is not just evolving, it’s becoming the backbone for trading across asset classes such as stocks, commodities, and currencies. It was also noted that as demand for 24/7 global access grows, customers want a seamless, all-in-one trading experience. Moreover, Arjun Sethi stated that expanding into equities is a natural step for Kraken and paves the way to tokenize assets. Besides, he noted that the future of trading is borderless, always on, and built on crypto rails. According to him, Kraken will continue to lead this shift.
Currently, the large-scale goal of the cryptocurrency platform is to expand traditional securities trading to clients in the United Kingdom, Europe, and Australia. Moreover, the company plans to introduce new features to enhance the trading experience.
Founded in 2011, Kraken calls its mission to accelerate the process of global adoption of cryptocurrencies so that everyone can achieve financial freedom and inclusion. The company’s clients trade over 300 digital assets and six national currencies, including GBP, EUR, USD, CAD, CHF, and AUD.
It is worth noting that Kraken was one of the first to offer spot trading with margin, parachain auctions, staking, regulated derivatives, and index services under one roof.
As we have reported earlier, Mastercard and Kraken to Promote Crypto Payments in EU and UK.
