In a move that could only be described as audacious, Kraken, the once-cryptocurrency-only platform, has decided to dip its tentacles into the murky waters of traditional equities trading. This expansion, as bold as it is unexpected, aims to lure the cautious investor who still clings to the notion that stocks are safer than Bitcoin.
With the announcement of commission-free trading for over 11,000 US-listed stocks and ETFs, Kraken has made it clear that it is no longer content to merely dominate the digital currency space. No, it now seeks to conquer the world of traditional finance, one stock at a time. The rollout, beginning April 14th, will initially target select states, including New Jersey, Connecticut, and Alabama, because apparently, those are the places where people are most likely to trust a crypto exchange with their life savings.
This new service promises to allow users to manage a diversified portfolio, blending the volatile world of cryptocurrencies with the slightly less volatile world of traditional equities. Features like fractional trading will enable users to own a piece of high-priced stocks, because who doesn’t want to own a sliver of Tesla without actually having to pay for the whole thing? And, of course, users can instantly reinvest their proceeds into other stocks or crypto, because why let your money sit idle when it could be losing value in real-time?
Arjun Sethi, Kraken’s co-CEO, waxed poetic about the development, declaring that crypto is not just evolving but is becoming the “backbone” of trading across asset classes. He added, with the confidence of a man who has never lost money in a market crash,
“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 – and Kraken will continue to lead this shift.”
Looking ahead, Kraken plans to expand its stock trading services to more US states, followed by international markets like the UK, Europe, and Australia. Because if there’s one thing the world needs, it’s more ways to lose money across borders.
In other news, Kraken is reportedly planning to go public via an IPO in early 2026, because what’s better than one risky investment? Two risky investments. The exchange is also negotiating a $1 billion corporate debt deal with Goldman Sachs and JP Morgan, because when you’re already in deep, why not go deeper? And, as if that weren’t enough, Kraken recently finalized a $1.5 billion acquisition of NinjaTrader, a US retail futures trading platform, because apparently, the future is now, and it’s being traded by ninjas.
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2025-04-14 19:06