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  • 15 Apr 25

Step Into TradFi: Kraken Launches Commission-Free Stock and ETF Trading

Kraken has begun gradually rolling out commission-free trading of stocks and exchange-traded funds (ETFs) to users in the United States.

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Kraken, one of the largest cryptocurrency platforms in the world, has begun gradually rolling out commission-free trading of stocks and exchange-traded funds (ETFs) to users in the United States. The exchange announced the move on April 14. Access is currently available in several states, with plans for international expansion.

Starting Monday, users from New Jersey, Connecticut, Wyoming, and Oklahoma gained access to the new feature — trading in over 11,000 U.S.-listed stocks and ETFs. The service is offered with zero commission. Kraken plans to expand access to other states and later to markets in the United Kingdom, Europe, and Australia.

According to Kraken co-head Arjun Sethi, the launch of stock trading is a logical step in the platform's evolution.

“The future of trading is 24/7, borderless access built on crypto infrastructure,” he said.

Strategy Integrating Crypto and Traditional Assets

Kraken positions itself as a next-generation fintech platform that bridges traditional and digital assets. Oppenheimer analyst Owen Lau noted that the exchange is becoming a “full-cycle application,” offering services across both TradFi and Web3.

According to Lau, there is a convergence trend in the industry — traditional financial firms are becoming more interested in crypto assets, while crypto companies are moving into conventional markets. Kraken’s new strategy aims to create a “unified trading environment” where users can access multiple asset classes through a single interface.

Trading Atocks and ETFs on the Kraken Exchange App. Source: blog.kraken.com
Trading Atocks and ETFs on the Kraken Exchange App. Source: blog.kraken.com

Entry Into the Tokenization Market

Kraken views its stock trading rollout as a foundation for future asset tokenization. The exchange plans to leverage blockchain technology to issue digital versions of securities, commodities, and currencies.

“Crypto is becoming the foundation for trading across all markets — from stocks to commodities,” Sethi explained.

This development follows Kraken’s $1.5 billion acquisition of the retail futures trading platform NinjaTrader, further signaling its ambition to expand beyond the crypto market.

Next Target Bank Licenses and Payment Services

In addition to broadening its range of financial instruments, Kraken is reportedly interested in developing proprietary payment solutions. The company is also exploring the possibility of acquiring state or national bank licenses — a move that could unlock new growth opportunities and enhance user trust.

The exchange continues to scale its business, betting on the synergy between crypto technologies and traditional financial tools, as well as the demand for round-the-clock, global financial infrastructure.

Earlier:

This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.

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