Kraken Launches Commission-Free Stock and ETF Trading, Expanding into Traditional Markets
Kraken, the popular cryptocurrency exchange, has rolled out commission-free trading for U.S.-listed stocks and exchange-traded funds (ETFs), allowing users to access both traditional financial markets and cryptocurrencies from a single platform. This expansion places Kraken in direct competition with trading platforms like Robinhood (HOOD) by offering a unified service for both digital and traditional assets.
The move comes as more U.S. crypto companies, including Coinbase (COIN), Marathon Digital (MARA), and Bitdeer (BTDR), explore the possibility of going public. Kraken’s new stock trading feature will initially be available to clients in 10 U.S. states, including New Jersey, Connecticut, and Alabama, with plans for broader expansion within the U.S. and internationally to markets like the U.K., Europe, and Australia. Users in these states can now trade equities directly through Kraken’s mobile app, Kraken Pro, or the web interface.
“Crypto isn’t just evolving; it’s becoming the foundation for trading across asset classes, including equities, commodities, and currencies,” said Arjun Sethi, Kraken’s co-CEO. “As demand for 24/7 global access grows, our clients want a seamless, all-in-one trading experience.”
He added, “Expanding into equities is a natural step for us and sets the stage for the tokenization of assets.”
This new service, available via Kraken Securities, a FINRA-regulated entity, consolidates crypto and traditional financial tools under one account. By offering both asset classes in a single platform, Kraken is positioning itself as a strong contender against platforms like Robinhood and Public, which already serve multi-asset investors.Kraken Expands Services with U.S. Stock and ETF Trading as It Gears Up for Potential IPO.
