Kraken deploys fee-free stocks and crypto trading with large scale expansion

Crypto Exchange Kraken has launched a fee-free trading rollout of over 11,000 US listed stocks and ETFs. The service is now available to users in New Jersey, Connecticut and Alabama. A full US rollout will soon be coming, the press release said.

Kraken users can now manage stocks, Crypto, Cash and Stablecoins in one place via the Kraken mobile app, Kraken Pro app, or the web platform. The platform also supports fractional trading on many assets, allowing users to buy just a small portion of expensive stocks rather than buying the entire share. This makes investing easier and more affordable for users.

Nate Geraci, president of the ETF Store, used X to share updates with his followers.

The press release highlights that the move will expand beyond Crypto for the first time. This makes it easier for clients to buy stocks in US dollars. The move will feature new regulatory division, Kraken Securities LLC. KrakenSecurities LLC is the company’s new FINRA regulatory unit, allowing crypto and stocks to be switched all to one platform.

“Cryptocurrency is not only evolving, it is becoming the backbone for trading across asset classes, such as stocks, commodities, currencies, and more. As demand for global access increases 24/7, clients want a seamless, all-in-one trading experience.”

Kraken plans a global rollout soon

He further added that expanding to stocks is a natural next step, and that they are approaching turning real-world assets into blockchain tokens. He believes the future of trading is 24/7 and is based on cryptographic technology that Kraken aims to lead the way.

Moving further, Kraken plans to expand traditional securities trading to the UK, Europe and Australia, while also introducing new features to enhance the trading experience for users.