Crypto Exchange Kraken began to offer exchanges without commission for granted shares in the United States and negotiated funds on the stock market (ETF), opening access to traditional financial markets from the same platform that he uses for cryptocurrencies and positioning himself to compete more directly with platforms like Robinhood (Hood).
This decision expands Kraken’s activities as an increasing list of American cryptography companies aimed at making public on American exchanges – by joining Coinbase (Coin), Digital Marathon (Mara) and Bitdeer (BTDR), among others.
The deployment of Kraken shares trading begins in 10 American jurisdictions, including New Jersey, Connecticut and Alabama, with plans to extend access across the country and to international markets such as the United Kingdom, Europe and Australia. Customers of these states can now buy and sell shares directly via their Kraken account using the mobile, Kraken pro application or web interface.
“The crypto does not only evolve, it becomes the backbone for trade between the asset classes, such as actions, basic products and currencies,” Kraken Arjun Sethi’s CO-PDG said in a press release. “As the demand for global access 24/7 increases, customers want a seamless and all-in-one commercial experience.”
“The extent in actions is a natural step for us, and opens the way to the tokenization of assets,” he continued.
This decision makes Kraken one of the few cryptocurrency companies to offer traditional asset trading alongside digital assets under a single account.
The new product is offered by Kraken Securities, an entity regulated by the finra focused on actions. By consolidating crypto and traditional financing tools, Kraken is positioned to compete more directly with platforms like Robinhood and Public which are already aimed at multi-active investors.
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