Kraken Targets US Stocks and ETFs

The cryptocurrency exchange Kraken plans to expand its
services by venturing into the U.S.-listed stocks and exchange-traded funds
(ETFs) sector. According to a report by Bloomberg, Kraken is preparing to
introduce trading services for traditional assets, with a target launch date
set for 2024.

This significant development is implemented through a
freshly established division known as Kraken Securities, which is expected to
facilitate stock and ETF trading. The division initially catered to customers in the
United States and the United Kingdom.

Kraken has reportedly taken proactive steps to ensure
regulatory compliance and secure its position as a legitimate player in these
markets. Notably, the exchange has already secured the necessary regulatory
permits in the United Kingdom and has also submitted an application to the
Financial Industry Regulatory Authority (FINRA) for a broker-dealer license in
the United States.

The move follows a challenging year for the cryptocurrency
industry, which followed Bitcoin’s peak at nearly $69,000. However, this shift
into equities
Equities

Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa

Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa
Read this Term is not without its challenges, as Kraken will enter a competitive
landscape populated by zero-commission platforms like Robinhood Markets.