
Kraken made US stock trading available across the EEA, letting clients hold equities, tokenized shares and crypto in one account. The service covers 7,000+ stocks and 700+ xStocks alongside 600 crypto assets, with no trading commissions.
Kraken made its U.S. stock offering available across the entire European Economic Area on Wednesday, letting clients hold traditional equities, tokenized shares, and cryptocurrency in a single regulated account.
The service had been rolling out in Germany, the Netherlands and France over recent days. It now covers all EEA member states, a company spokesperson confirmed.
The platform lists more than 7,000 stocks and over 700 tokenized versions known as xStocks, alongside 600 crypto assets. Trading carries no commissions, subject to applicable terms.
Mark Greenberg, chief business officer of Payward, Kraken's parent company, said clients can choose between traditional and tokenized exposure to the same underlying asset without moving capital between platforms. The service runs on Kraken Pro for desktop and mobile, as well as on the exchange's mobile app.
Operations in the EEA fall under Payward Europe Digital Solutions (CY) Limited, a Cypriot investment firm authorized under MiFID II, the European directive regulating markets in financial instruments. Existing clients must accept additional terms before trading stocks.
The launch positions Kraken in a market segment where few competitors cover both formats. Bitpanda offers U.S. stocks but not tokenized ones. Crypto.com and Robinhood offer tokenized stocks in Europe but not traditional equities.
Tokenized stocks have grown quickly as a share of the real-world asset market. They now account for 15% of that market, up from 5% at the start of the year, with total value near $2.8 billion. Kraken, Ondo Finance and Binance together hold 77% of the tokenized equities segment, according to data cited by the company.
Kraken said it plans to extend the combined service to additional markets in the coming months. The company did not specify which countries or regions are next.
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