Kraken Launches Stock and ETF Trading in 10 U.S. States
Kraken has launched stock and ETF trading for clients in 10 U.S. states, expanding its offerings beyond digital assets.
Key Details
- Service available in New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama, and the District of Columbia.
- Access to over 11,000 U.S.-listed stocks and ETFs starting April 14.
- Plans to expand service to more U.S. states and major international markets including the UK, Europe, and Australia.
- Available on Kraken mobile app, Kraken Pro Web, and Kraken Pro app.
This launch coincides with the SEC dropping its lawsuit against Kraken, which resulted in no penalties or operational changes for the exchange.
New Features
- Immediate reinvestment of funds after selling stocks.
- Ability to deposit proceeds into other stocks or cryptocurrencies.
- Fractional trading allows users to buy portions of high-value stocks.
Kraken Co-CEO Arjun Sethi noted that this initiative reflects a shift in global trading, integrating crypto with traditional finance. The platform is also preparing for a potential IPO in the U.S.