According to a recent report, the crypto exchange aims to launch this new venture next year, as disclosed by an individual familiar with the intentions of the company.
A Kraken spokesperson stated that the exchange is continually exploring ways to support the widespread adoption of cryptocurrencies, and that while the company cannot comment on speculations or rumors, plenty of work is being done to expand and improve pre-existing offerings.
The report also indicated that the expansion into US-listed stocks and ETFs would be accessible in both the United States and the United Kingdom. Eligible customers will be able to activate this service, enabling them to access a combination of cryptocurrencies, stocks, and ETFs.
Kraken has pursued the necessary regulatory approvals in the UK and has reportedly applied for a broker-dealer license with the Financial Industry Regulatory Authority (FINRA) in the United States.
The reported expansion into US stocks coincides with Kraken wanting to extend its presence in Europe. The exchange recently obtained an EU e-money institution license via the Central Bank of Ireland and a virtual assets services provider license by the Bank of Spain, indicating its commitment to becoming a part of the thriving local fintech sectors in both countries and its broader investments in Europe.
Kraken Plans To Enter The World Of Stock Trading
Subscribe to the CryptoWeekly Newsletter
Get the top stories, funding deals, technical analysis, cryptocurrency jobs and much more delivered to your inbox, every Monday morning.
January 14,2025
Sygnum Bank Reaches Unicorn Status After Raising $58M
January 14,2025
Nate Geraci Predicts ETF Boom As 50 Launches Scheduled For 2025
January 14,2025
Biden Proposes Controversial Export Restriction On AI Chips
January 14,2025
Cardano And Ripple Confirm Partnership Over RLUSD Integration
January 13,2025
Saylor Pushes Aggressive Bitcoin Strategy Despite Volatility Concerns
January 13,2025
United Kingdom Enters Global AI Race With New Action Plan
January 13,2025
Everything You Need To Know About AI Agents
January 13,2025
SHIB Forms Head And Shoulders Pattern As Investors Begin To Worry
January 13,2025
Web3 Fundraising Deals - 7th To 13th January 2025
January 12,2025
Bitcoin Hovers Around $94K As Altcoins Continue To Struggle
January 12,2025
Dogecoin Fails To Break Through 4 Hour SMA Resistance
January 11,2025