Kraken Expands into Stock Trading Ahead of IPO, Highlighting Crypto Firms’ Evolving Role
14.04.2025 16:23
Kraken, the well-known crypto exchange, has launched commission-free trading for U.S.-listed stocks and ETFs, marking its entry into traditional financial markets. This expansion, executed through Kraken Securities—its FINRA-regulated arm—allows Kraken clients in select states such as New Jersey, Connecticut, and Alabama to buy and sell equities directly via its mobile app, Kraken Pro, or web interface. By integrating crypto and traditional finance under a single account, Kraken is positioning itself to compete with multi-asset platforms like Robinhood. The move comes as a broader trend among U.S. crypto companies eyeing public listings, with names such as Coinbase (COIN), Marathon Digital (MARA), and Bitdeer (BTDR) also making headlines as they prepare for potential IPOs. The initiative reflects a growing demand for round-the-clock global access and seamless trading experiences that blend digital assets with conventional securities. As the industry evolves, this development could pave the way for further innovations, including the tokenization of traditional assets.
The news injects a positive sentiment for COIN, as expanding cross-asset trading reinforces the legitimacy of crypto platforms. Investors may see the move as a signal of market maturation, potentially boosting trading volumes in the short term and supporting long-term growth. However, increased competition from platforms like Kraken may also pressure market share, moderating the overall impact.
For MARA, the announcement is viewed positively, reflecting growing institutional interest in the crypto sector. The integration of traditional and digital assets may lead to an uptick in investor confidence and can trigger short-term price rallies. Over the longer term, sustained interest in crypto innovations, combined with potential operational expansions, could support further price appreciation.
BTDR is likely to benefit moderately as the melding of crypto and traditional markets gains traction. The positive exposure from this broader trend may boost short-term investor sentiment and trading activity. Long-term benefits will depend on continued industry integration and execution of strategic initiatives, although the impact is expected to be less pronounced than for larger players.