Kraken Ventures into U.S. and U.K. Stock and ETF Markets: A Strategic Leap Beyond Crypto
After dominating the European CRYPTOCURRENCY markets, Kraken sets its eyes on the stock and ETF sectors in the U.S. and U.K. Significantly; this marks a first for the platform, which has been crypto-focused for 12 rewarding years. U.S. and U.K. Markets: Kraken’s Next Frontier Kraken unveiled its intent to commence trading in U.S.-listed stocks and ETF s by 2024. Moreover, citing well-informed sources, Bloomberg revealed the trading would occur through “Kraken Securities,” a freshly minted division. While U.K. regulatory permits are ready, Kraken is eagerly awaiting broker-dealer licenses in the U.S., having filed applications with the Financial Industry Regulatory Authority. Hence, once live, eligible Kraken users will experience a unified dashboard. It will showcase crypto, stocks, and ETF s under a consolidated balance. Additionally, this week promises another leap for Kraken with its announcement to introduce a qualified custodian for institutional clientele. T...