Kraken Enters Traditional Market

American crypto exchange Kraken has begun offering clients access to stocks and exchange-traded funds (ETFs) listed in the United States. The platform's team said it is betting on the integration of cryptocurrencies and traditional assets, tokenization, and the creation of a unified trading infrastructure, writes RBC Crypto.

Kraken is an American crypto exchange founded in 2011. It is ranked sixth by CoinGecko in terms of reliability, with 392 cryptocurrencies and 973 trading pairs available on the platform. The trading volume on Kraken over the past 24 hours was $912 million.

US exchange clients can now invest in stocks and ETFs along with cryptocurrency and stablecoins. The platform currently supports over 11,000 securities. There is no commission for trading stocks.

The service provides access to securities trading on the NYSE, NASDAQ, AMEX and other exchanges. Orders can be placed around the clock, but if an order for shares is placed outside of stock exchange working hours, it will be queued and executed at the beginning of the next trading session.

Users in 10 states (New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama, and the District of Columbia) will be able to trade stocks and ETFs directly from their Kraken account starting April 14. The program will be rolled out in stages, with additional states to follow.

This is Kraken's first step beyond the crypto market. The press release says that the exchange is adding classic financial instruments and is preparing to enter the UK, European and Australian markets.

The securities trading service is developed by Kraken Securities, a division of Kraken, which is regulated by the US Financial Industry Regulatory Authority (FINRA). The key features of the exchange offer are the availability of fractional investments (you can buy a share of a stock) and a simplified interface that allows you to manage securities and cryptocurrencies on one platform.

The announcement said that the entry into the traditional asset market was the result of a rethinking of access to investments for clients and is a natural step for the exchange, which paves the way for the tokenization of assets.

“Cryptocurrencies are not only growing, they are becoming the basis for trading various asset classes such as stocks, commodities and currencies. As the demand for 24/7 global access grows, clients want a convenient, comprehensive trading experience,” said Kraken co-CEO Arjun Sethi.

Tokenization of Real World Assets (RWA) is a market sector whose prospects have been assessed by the largest industry participants. For example, BlackRock believes that if all securities and other assets are tokenized, this will revolutionize investing. The largest asset management company has already launched the BUILD platform, which tokenizes US government bonds. In November 2024, the issuer of the USDT stablecoin, Tether, introduced its own Hadron platform for tokenizing “anything.”

Источник: cryptocurrency.tech