Kraken Launches Commission-Free Stock and ETF Trading in Strategic Expansion
The phased rollout across select U.S. states marks Kraken's shift toward integrating traditional finance with crypto services.
- Kraken has launched commission-free trading for over 11,000 U.S.-listed stocks and ETFs, starting in states like New Jersey, Connecticut, Wyoming, and Oklahoma.
- This move is part of Kraken's broader strategy to become a full-service trading platform, blending traditional finance and cryptocurrency offerings.
- The company plans to expand these services to additional U.S. states and key international markets, including the UK, Europe, and Australia.
- Kraken is leveraging blockchain technology to drive the tokenization of traditional asset classes, aiming for seamless cross-asset trading.
- The expansion follows Kraken's $1.5 billion acquisition of NinjaTrader, reinforcing its commitment to bridging traditional and digital finance.