kraken Expands to Offer Free Stock Trading
Kraken, a leading crypto exchange, is now offering commission-free stock and ETF trading. This move broadens it’s services beyond cryptocurrencies.
The initial phase covers over 11,000 U.S. stocks and ETFs. Eligible clients in states like new Jersey and Wyoming can start trading.Kraken plans to roll out the service nationwide soon.
Arjun Sethi, Kraken’s co-CEO, says this expansion is a natural step. “Crypto is becoming central to trading various assets. Clients want a seamless experience,” he explained. “Our goal is to create a borderless, always-on trading platform.”
kraken’s new service mirrors popular apps like Robinhood. Users can now buy stocks, crypto, and ETFs using U.S. dollars. The service is provided by Kraken Securities, a regulated subsidiary.
Future plans include expanding to the UK, Europe, and Australia. Kraken, founded in 2011, trades over 300 digital assets and major global currencies.
Recently,Kraken acquired NinjaTrader for $1.5 billion.It also seeks $1 billion in debt for an upcoming IPO.
