Kraken expands beyond crypto with stocks & ETF trading

Crypto Exchange Kraken has announced the launch of trade without commission against shares and funds negotiated on the stock market, expanding its suite of products beyond cryptocurrencies.

Kraken said in a announcement This initial deployment is live for more than 11,000 stocks and funds negotiated on the stock market registered in the United States.

The progressive launch will first be available for eligible customers in certain states, including New Jersey, Wyoming, Oklahoma, Idaho, Connecticut and the Columbia District. Kraken plans to gradually extend the offer to eligible customers across the United States.

“The crypto does not only evolve, it becomes the backbone for exchanges between asset classes, such as actions, basic products and currencies. As the demand for global access 24/7 increases, customers want a trading experience all in one,” said Arjun Sethi, co-chief of Kraken Co-Chief. “The extent in actions is a natural step for us, and opens the way to the tokenization of assets. The future of trading is without border, always on and built on cryptographic rails – and Kraken will continue to direct this quarter. ”

This decision means that Kraken extends beyond Robin. With this expansion, the Crypto Exchange now allows its customers to buy actions with the US dollar.

Depending on the update, users can now buy actionsCrypto and ETF listed on the New York Stock Exchange and Nasdaq via their Kraken account. In particular, the company offers new services via Kraken Securities, its subsidiary regulated by the regulatory authority of financial industry.

Usrollout will be followed by the expansion of UK customers., Europe and Australia, noted the exchange.

Founded in 2011, Kraken is one of the best exchanges of cryptography in the world, with its global user base capable of exchanging Bitcoin (BTC) and more than 300 digital assets. It also offers the best currencies in the world, including the British pound, the euro, the Canadian dollar and the Swiss franc.

The company recently acquired Ninjatrader for $ 1.5 billion and would have Looking for a billion dollars debt Before an initial public offer expected.