Quick take:
- The announcement follows Kraken’s recent acquisition of U.S. futured markets platform NinjaTrader for $1.5 billion.
- It comes amid increased optimism in the market, amid expectations that Trump will deliver on his promise of crypto-friendly regulations.
- Kraken trades will be able to trade U.S. stocks and ETFs in some U.S. states starting Monday.
Kraken has accelerated its expansion strategy by partnering with financial API platform Alpaca to offer stocks and exchange-traded funds (ETFs) trading. Kraken users will be able to trade stocks and ETFs in some U.S. states starting Monday.
The phased roll-out features a commission-free trading for over 11,000 U.S. listed stocks and exchange-traded funds and comes at a time when crypto firms are looking to integrate more traditional assets amid high expectations that Trump will deliver on his promise of crypto-friendly regulations.
The announcement comes just weeks after Kraken acquired U.S. futures trading platform NinjaTrader for $1.5 billion.
The San Fransisco-based crypto exchange company also plans to expand stock trading to key international markets, including the UK, Europe and Australia.
“Expanding into equities is a natural step for us, and paves the way for the tokenization of assets. The future of trading is borderless, always on and built on crypto rails,” Kraken co-CEO Arjun Sethi said.
According to the announcement, Kraken’s partnership with Alpaca will enable clients to manage both stocks and cryptocurrencies on one platform, also allowing them to cross-invest, Reuters reported.
This move is also part of a strategy that is being used by technology firms and crypto companies to gain credibility with customers.
“Crypto isn’t just evolving, it’s becoming the backbone for trading across asset classes, such as equities, commodities and currencies. As demand for 24/7 global access grows, clients want a seamless, all-in-one trading experience,” Sethi said.
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