Kraken, the San Francisco-based cryptocurrency exchange, is branching out in a big way. This week, they announced two major expansions into new markets.
Stocks and ETFs Arrive
Starting in ten US states (New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama, and Washington D.C.), Kraken customers can now trade over 11,000 US-listed stocks and ETFs. This is just the beginning, though – Kraken plans a nationwide rollout in the US, followed by an international expansion to the UK, Europe, and Australia.
Forex Futures Take Flight
Kraken also launched FX perpetual futures on its derivatives platform. Initially, they’re offering EUR/USD and GBP/USD pairs with up to 20x leverage. This expansion builds on Kraken’s existing success in the forex spot market, where customers have traded $5.4 billion this year alone.
IPO and Regulatory Wins
These expansions come at a good time for Kraken. They’re reportedly preparing for an initial public offering (IPO) in early 2026 and recently reached a tentative agreement with the SEC to drop a lawsuit. The SEC had accused Kraken of operating unregistered securities services.
Disclaimer: This information is for general knowledge only and is not financial advice. Always do your own research before making any investment decisions.
/p>
