Kraken Unveils Unified Trading for US Stocks & Tokenized Shares in European Economic Area
Crypto exchange Kraken has expanded its services to allow users in the European Economic Area (EEA) to trade traditional US stocks, tokenized xStocks, and cryptocurrencies within a single account. This move comes after the platform began rolling out the service in Germany, the Netherlands, and France, before expanding it across all EEA member countries.
With this launch, Kraken becomes the only crypto platform in the EEA offering both US stocks and tokenized xStocks of the same within a single, unified trading environment. This means that users can choose how they access the same underlying exposure, whether through traditional shares or tokenized representation, without moving capital or changing platforms.
The expansion allows users to access over 7,000 US stocks, more than 700 xStocks, and 600 crypto assets through the Kraken Pro app or website. Additionally, xStocks has surpassed $38 billion in total transaction volume since launching recently. Payward Europe Digital Solutions (CY), an authorized MiFID investment firm, will not charge commissions for US stocks trading, although other fees may apply.