SEATTLE: Cryptocurrency exchange Kraken on Monday announced the initial rollout of commission-free trading for over 11,000 U.S.-listed stocks and exchange-traded funds (ETFs), expanding beyond digital assets for the first time.
The launch is currently available to clients in New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama and the District of Columbia, with a phased national rollout planned for all eligible U.S. customers.
Kraken users can now trade stocks, cryptocurrencies, cash, and stablecoins within the same platform using the Kraken mobile app, Kraken Pro app, or Kraken Pro web. The company also introduced fractional trading on over half of listed assets, allowing investors to purchase less than one full share of high-priced stocks.
The expansion into traditional securities is powered by Kraken Securities LLC, a newly created division regulated by the Financial Industry Regulatory Authority (FINRA). Co-CEO Arjun Sethi called the move a “natural step” for Kraken as the company works to integrate digital and traditional assets.
“Crypto isn’t just evolving, it’s becoming the backbone for trading across asset classes, such as equities, commodities, and currencies,” Sethi said in a statement. “The future of trading is borderless, always on, and built on crypto rails—and Kraken will continue to lead this shift.”
Kraken plans to expand stock trading to the U.K., Europe and Australia in the future while introducing additional features to enhance the trading experience.