Kraken Expands US Stock Trading Across Europe Alongside xStocks

The move puts Kraken in the middle of a push by crypto platforms and fintech brokers to combine digital assets with traditional markets. Crypto.com launched tokenized stock trading for EEA users on Aug. 12, offering exposure to roughly 1,500 stocks and funds. Robinhood gives European customers access to more than 2,000 stock tokens. Bitpanda expanded into traditional equities with more than 10,000 stocks, ETFs and other assets.

Kraken says it is the only crypto-native platform offering both traditional US-listed shares and tokenized equivalents within one regulated trading environment. Its xStocks products are backed 1:1 by underlying shares and can be moved into self-custody wallets and used on-chain, distinguishing them from some competing stock-token products. Kraken says xStocks have generated more than $38 billion in transaction volume since launching in June 2025.

The stock service is provided through Payward Europe Digital Solutions (CY) Limited, which is authorized and regulated by the Cyprus Securities and Exchange Commission under MiFID II. Kraken plans to expand its combined traditional and tokenized stock offering into more markets in the coming months.