Kraken is expanding beyond cryptocurrencies by offering US-listed stocks and exchange-traded funds (ETFs) in a move aimed at appealing to more traditional investors.
Kraken, the world’s 13th largest centralized cryptocurrency exchange by volume, announced the launch of 11,000 US-listed stocks and ETFs with commission-free trading in an effort to bring “equities and digital assets together” under one trading platform.
As of April 14, US-based users in New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama and the District of Columbia can access these stocks and ETFs within their Kraken account, the company announced.
Kraken expands to stocks and ETFs. Source: Kraken
The exchange plans to continue expanding access to clients in other US states, marking the first part of a “phased national rollout.”
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Both traditional and cryptocurrency