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Kraken Adds On-Chain Solana Token Trading to Its Mobile App
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.
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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."