UK - Kraken Grabs First Mover Advantage Offers Trading Options Outside Crypto Assets | Benzinga
After capturing a strong position in European crypto markets recently, Kraken is now awaiting approvals for stock and ETF trading in the U.S. and U.K. markets.
What Happened? Kraken announced its plans to offer trading in U.S.-listed stocks and ETFs starting in 2024, the first time stepping outside its usual crypto zone after 12 years of operation.
Bloomberg reported, citing sources close to the matter, that Kraken will initially offer trading in the U.S. and U.K. through a new division named, Kraken Securities.
U.K. license and regulatory permits stand in place while U.S. broker-dealer licenses were applied for with the Financial Industry Regulatory Authority.
Eligible Kraken customers will be alerted to activate the trading service once it is made live. A portfolio ...