Kraken expands beyond the cryptocurrencies by offering the US-listed stocks listed in the US and funds exchanged (ETF) in one step aimed at appealing to the more traditional investors.
Kraken, the 13th largest centralized cryptocurrency exchange of the world by volume, announced the launch of 11,000 listed US stocks and ETFs with trade without commission in an effort to bring “equality and digital assets together” under a trading platform.
Until April 14, US-based users in New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama and the Columbia district can access stocks and ETFs within their Kraken account, the company announced.
Kraken expands in stocks and ETFs. Source: Kraken
The exchange plans to continue expanding accessing clients to other US states, marking the first part of a “phased national rollout.”
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Both traditional and cryptocurrency investors of sentiment have had a significant hit after US President Donald Trump’s Reciprocal import tariff announcement on April 2.
Kraken’s traditional offer will come in a week after being posted by S&P 500 A $ 5-trillion loss In market capitalization Within two days, it marked its largest collapse on the record, exceeding a $ 3.3-trillion decline in March 2020 after the first wave of Covid-19 pandemia.
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Crypto “becomes spine for trading”
Kraken’s expansion of traditional investment products indicates the growing utility of cryptocurrencies and blockchain technologies, according to Arjun Sethi, Kraken’s co-Co-Co-Co.
“The crypto is not only emerging, it becomes a spine for trading in asset classes, such as equality, goods and money. As a demand for 24/7 access to global, clients want a seamless, all trading experience.”
Sethi added that expanding traditional equality is a “natural step” towards the tokenization of real-world assets and the “infinite” future of trade built on blockchain metals.
Kraken also plans to expand the offer of stock trading in other major international markets, including the United Kingdom, Europe and Australia.
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