The cryptocurrency exchange Kraken has initiated commission-free trading for U.S.-listed stocks and exchange-traded funds (ETFs). This move allows users to access traditional financial markets on the same platform they use for cryptocurrency trading, positioning Kraken in direct competition with platforms such as Robinhood.
This initiative reflects Kraken’s efforts to diversify its business, joining a growing number of U.S. crypto companies seeking public listings on domestic exchanges, following in the footsteps of companies like Coinbase, Marathon Digital, and Bitdeer.
The trading feature currently rolls out in ten U.S. states, including New Jersey, Connecticut, and Alabama, with plans for wider availability in the U.S. and international markets like the U.K., Europe, and Australia. Customers in these states can now buy and sell stocks directly from their Kraken accounts via the mobile app, Kraken Pro, or the web platform.
Arjun Sethi, co-CEO of Kraken, noted, “The evolution of crypto signifies its role as the foundation for trading across various asset classes including equities, commodities, and currencies. With the increasing demand for continuous global access, our clients seek a seamless, comprehensive trading experience.”
He further emphasized, “Entering the equities market is a logical progression for us, paving the way for the asset tokenization trend.”
This development positions Kraken among a select group of crypto-centric companies enabling traditional asset trading within the same digital account as cryptocurrencies.
The new offering is facilitated through Kraken Securities, a FINRA-regulated entity that focuses on stocks. By integrating classic financial instruments with cryptocurrency trading, Kraken aims to compete more effectively with existing multi-asset platforms like Robinhood and Public.
Disclaimer: Some sections of this article were created with AI tools and subsequently reviewed by our editorial team to ensure accuracy and compliance with editorial standards. For more information, refer to our AI policy.