Kraken Expands Services with U.S. Stock and ETF Trading as It Gears Up for Potential IPO.

Kraken Expands to Traditional Markets with U.S. Stock and ETF Trading, Prepares for IPO

Kraken has made a major move by introducing U.S. stock and ETF trading, marking the exchange’s entry into traditional financial markets. This new offering allows Kraken users to trade equities alongside cryptocurrencies, broadening their investment opportunities within one platform.

In a bid to compete with popular trading platforms like Robinhood, Kraken now enables commission-free trading of U.S.-listed stocks and ETFs. The service is initially available to customers in select U.S. states, with plans to expand further across the country and into international markets such as the U.K. and Europe.

The addition of stock and ETF trading follows Kraken’s broader strategy to cater to investors who seek both digital and traditional asset classes in one place. With this move, Kraken is also positioning itself for potential growth in the mainstream financial market, with rumors of a forthcoming IPO circulating.

“By adding U.S. stocks and ETFs, we are enhancing our platform’s versatility and supporting the growing demand for a more integrated trading experience,” said Kraken co-CEO Jesse Powell. “Our clients now have the flexibility to diversify their portfolios within the same ecosystem, whether they’re trading crypto or traditional assets.”

The expansion comes amid growing competition within the digital asset space, as Kraken seeks to strengthen its position ahead of potential public offerings from other crypto firms. The platform’s aim is to create a seamless experience for investors interested in both traditional and cryptocurrency assets.