Kraken plans to enter U.S. listed stock and ETF trading market in 2024

Citing sources familiar with the matter, cryptocurrency exchange platform Kraken plans to launch trading services for US-listed stocks and exchange-traded funds (ETFs) in 2024. This marks the first time that Kraken, which has a 12-year history, has ventured beyond its cryptocurrency business. The new service will be provided through its newly established department, Kraken Securities, and will initially be launched in the United States and the United Kingdom. Currently, Kraken has obtained the necessary regulatory licenses in the UK and has applied for broker-dealer licenses with financial industry regulators in the United States.

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