The cryptocurrency exchange Kraken plans to expand its
services by venturing into the U.S.-listed stocks and exchange-traded funds
(ETFs) sector. According to a report by Bloomberg, Kraken is preparing to
introduce trading services for traditional assets, with a target launch date
set for 2024.
These services will be offered through a newly established division known as Kraken Securities, which is expected to
facilitate stock and ETF trading. The division initially catered to customers in the
United States and the United Kingdom.
Kraken has reportedly taken proactive steps to ensure
regulatory compliance and secure its position as a legitimate player in these
markets. Notably, the exchange has already secured the necessary regulatory
permits in the United Kingdom and has also submitted an application to the
Financial Industry Regulatory Authority (FINRA) for a broker-dealer license in
the United States.
The move follows a challenging year for the cryptocurrency
industry, which followed Bitcoin’s peak at nearly $69,000. However, this shift
into equities
Equities
Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa
Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa
Read this Term is not without its challenges, as Kraken will enter a competitive
landscape populated by zero-commission platforms like Robinhood Markets.
Upon the launch of stock trading services on Kraken, eligible
customers will have the opportunity to activate this feature. Those who do so
will see their portfolios, comprising crypto, stocks, and ETFs, presented as a single balance. This integration aims to streamline the trading experience and
offer customers greater convenience.
Kraken’s expansion into equities is not an isolated
endeavor. The exchange
Exchange
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv
Read this Term is strengthening its prime brokerage services
concurrently and preparing to launch custody services for institutional
clients in the coming weeks. The custody service will operate independently
from the exchange, and Kraken has sought approval from the state of Wyoming for
this initiative, sources familiar with the matter told Bloomberg.
Kraken Eyes Geographical Expansion
On top of that, Kraken has strengthened its presence in
Europe. The exchange has announced two pivotal authorizations. The Central
Bank of Ireland recently granted Kraken the status of an E-Money Institution (EMI),
and the company has successfully registered as a virtual asset service provider
(VASP) with the Bank of Spain.
Kraken’s EMI license, held by its Irish subsidiary, opens
the door to a broader range of services in the European market. It enables Kraken to extend its fiat services in Euros (EUR) in collaboration with
European banks. Notably, this expansion encompasses clients across the 27
European Union (EU) member states and European Economic Area (EEA) countries.
The cryptocurrency exchange Kraken plans to expand its
services by venturing into the U.S.-listed stocks and exchange-traded funds
(ETFs) sector. According to a report by Bloomberg, Kraken is preparing to
introduce trading services for traditional assets, with a target launch date
set for 2024.
These services will be offered through a newly established division known as Kraken Securities, which is expected to
facilitate stock and ETF trading. The division initially catered to customers in the
United States and the United Kingdom.
Kraken has reportedly taken proactive steps to ensure
regulatory compliance and secure its position as a legitimate player in these
markets. Notably, the exchange has already secured the necessary regulatory
permits in the United Kingdom and has also submitted an application to the
Financial Industry Regulatory Authority (FINRA) for a broker-dealer license in
the United States.
The move follows a challenging year for the cryptocurrency
industry, which followed Bitcoin’s peak at nearly $69,000. However, this shift
into equities
Equities
Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa
Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa
Read this Term is not without its challenges, as Kraken will enter a competitive
landscape populated by zero-commission platforms like Robinhood Markets.
Upon the launch of stock trading services on Kraken, eligible
customers will have the opportunity to activate this feature. Those who do so
will see their portfolios, comprising crypto, stocks, and ETFs, presented as a single balance. This integration aims to streamline the trading experience and
offer customers greater convenience.
Kraken’s expansion into equities is not an isolated
endeavor. The exchange
Exchange
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv
Read this Term is strengthening its prime brokerage services
concurrently and preparing to launch custody services for institutional
clients in the coming weeks. The custody service will operate independently
from the exchange, and Kraken has sought approval from the state of Wyoming for
this initiative, sources familiar with the matter told Bloomberg.
Kraken Eyes Geographical Expansion
On top of that, Kraken has strengthened its presence in
Europe. The exchange has announced two pivotal authorizations. The Central
Bank of Ireland recently granted Kraken the status of an E-Money Institution (EMI),
and the company has successfully registered as a virtual asset service provider
(VASP) with the Bank of Spain.
Kraken’s EMI license, held by its Irish subsidiary, opens
the door to a broader range of services in the European market. It enables Kraken to extend its fiat services in Euros (EUR) in collaboration with
European banks. Notably, this expansion encompasses clients across the 27
European Union (EU) member states and European Economic Area (EEA) countries.