
Kraken's mobile app now supports on-chain trading of 2,500+ Solana tokens without a separate wallet or seed phrase. The self-custodial feature uses Privy and Solana DEX protocols in the background.
Kraken rolled out on-chain token trading inside its mobile app on June 18, letting users buy, sell, and hold more than 2,500 Solana-based tokens without leaving the platform. Eligible customers in the U.S. and over 100 other countries get access to assets that have not yet listed on any centralized exchange.
The feature eliminates the usual DeFi friction. Users do not need a separate wallet, seed phrase, or a second app. They do not have to bridge tokens or manage gas fees. On-chain positions appear in the same portfolio view as Kraken's standard holdings. Trading happens in USD or USDC through the app's normal interface, while embedded wallet technology from Privy and Solana DEX protocols run the execution in the background.
Kamo Asatryan, Kraken's Chief Data Officer and Global Head of Consumer, said the goal was to remove the intimidation factor. "Buying, holding, and selling crypto should feel straightforward, regardless of the sophisticated technology powering it," he said. "We aim to remove intimidation from elements like bridges or transaction fees, enabling both newcomers and seasoned participants to explore decentralized markets conveniently in one place."
The on-chain trades are self-custodial. Kraken does not control users' private keys or hold the assets. Transactions execute through third-party DEX protocols, so Kraken cannot guarantee execution details, fill rates, timing, or prices. Token availability depends on DEX listings, and Kraken has not reviewed or approved individual assets.
The rollout starts with Solana. Kraken plans to add more blockchain networks in the coming months. For now, the integration gives mobile users a single entry point to early-stage tokens that previously required technical know-how to access. It also keeps the trade inside a regulated exchange's app, which may matter for compliance-minded users.
The catch is the same one that applies to any DEX trade: price volatility, execution risk, and the possibility of losing the whole position. Kraken's disclaimer is blunt on that point. Users who want to try the feature need the latest version of the app, subject to local availability.
Prepared with AlphaScala research tooling and grounded in primary market data: live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.