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Leader of the cryptocurrency stock market, Kraken has officially launched stocks and clients merchant in 10 regions across the United States. This marks a major step for the exchange of crypto because it widens its offers beyond digital assets.
According to the announcement of the exchange, from April 14, users of certain states will have access to more than 11,000 shares and ETF listed in the United States directly via their Kraken accounts.
The service is available in New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama and the District of Columbia.
The highest trading platform has said that the deployment will gradually extend to more American states. In the end, it plans to present the service to the main international markets, including the United Kingdom, Europe and Australia.
Kraken customers can manage crypto and actions after update without switching between platforms.
The functionality is available on the Kraken Standard mobile application, Kraken Pro Web and Kraken Pro App. With this evolution, users can easily move between digital currencies, traditional actions, stablescoins and species, all in a single interface.
It is important to add that this new offer came simultaneously with Kraken’s recent legal victory in the country.
The United States Securities and Exchange Commission (SEC) abandoned its trial against the EXCHAGEN Crypto. After the dismissal, Kraken made no penalty, no operational restrictions and made no admission of reprehensible acts.
As detailed, a key characteristic of the new development is to allow users to reinvest the funds immediately after the sale of a stock.
They can also immediately deposit money in other actions or cryptocurrencies, which gives them more flexibility in the management of their trades.
According to the declaration published, fractional trading is another notable characteristic. Users can now buy large value stocks instead of buying a full share. This allows the smallest investors to expose themselves to large companies without the need for an important initial investment.
Commenting on the launch, Kraken Arjun Sethi’s CO-PDG said this decision reflects a changing landscape in world trade.
He thinks that crypto is no longer a separate asset class but a base for a wider financial activity. By combining actions and crypto, Kraken aims to conduct the transition to more open and always available financial systems.
This decision is also an update on a potential movement of the Kraken stock exchange in the long term. The Crypto trading platform is very likely to file an IPO in the United States, in particular under the pro-Crypto administration of President Donald Trump.
Although the basic updates of the potential IPO are rare, the latest exchange movements show that it is preparing for a larger market change.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Benjamin Godfrey is a blockchain enthusiast and a journalist who savor the writing of actual applications for blockchain technology and innovations to stimulate general acceptance and global integration of emerging technology. His desire to educate people on cryptocurrencies inspires his contributions to renowned media and blockchain sites.
