Key facts
- Kraken has expanded US stock trading to eligible customers across the European Economic Area.
- Users can now trade over 7,000 US stocks and 600 crypto assets in a single account.
- The platform also offers tokenized versions of US equities, known as xStocks.
- This move makes Kraken the only crypto platform in the EEA to offer both traditional US stocks and tokenized xStocks in a unified trading environment.
- xStocks have recorded over $38 billion in total transaction volume.
Crypto exchange Kraken has expanded its trading offerings to eligible customers across the European Economic Area (EEA) by launching unified access to US stocks and its tokenized xStocks. This strategic move allows European investors to trade over 7,000 US equities and 600 cryptocurrencies within a single account, eliminating the need to move capital between platforms.
The rollout began in Germany, the Netherlands, and France before extending to all EEA member countries. Kraken aims to simplify investment by providing both traditional shares and tokenized representations of US equities side-by-side. The company's xStocks offering has already seen significant traction, surpassing $38 billion in total transaction volume since its introduction.
This expansion aligns with a broader industry trend of crypto platforms seeking regulatory licenses to operate in Europe. Competitor Coinbase recently secured a MiFID license and launched futures and derivatives trading for professional investors in the UK, highlighting the growing regulatory landscape and competitive environment for digital asset exchanges in the region.