Kraken Launches Commission-Free Trading for U.S. Stocks and ETFs

Crypto exchange Kraken has launched commission-free trading for U.S.-listed stocks and ETFs, aiming to compete with platforms like Robinhood.

Key details:

The rollout begins in 10 U.S. jurisdictions, including New Jersey, Connecticut, and Alabama.
Plans to expand access across the U.S. and internationally to markets such as the U.K., Europe, and Australia.
Clients can trade equities via the mobile app, Kraken Pro, or web interface.
This service is provided through Kraken Securities, a FINRA-regulated entity.
Kraken aims to integrate crypto and traditional finance tools for a seamless trading experience.

Co-CEO Arjun Sethi stated that expanding into equities is a step towards the tokenization of assets.