Kraken Grabs First Mover Advantage, Offers Trading Options Outside Crypto Assets
Portfolio Pulse from Khyathi Dalal
Kraken, a major player in the European crypto markets, has announced plans to offer trading in U.S.-listed stocks and ETFs starting in 2024. This marks the first time the company is stepping outside its usual crypto zone. The company is awaiting approvals for stock and ETF trading in the U.S. and U.K. markets. Kraken is set to compete with other players such as Robinhood Markets Inc (NASDAQ:HOOD) and Public.com, which already offer zero-commission services.

September 27, 2023 | 10:40 pm
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Kraken's entry into stock and ETF trading could increase competition for Robinhood Markets Inc.
Kraken's entry into the stock and ETF trading market could increase competition for Robinhood, potentially impacting its market share and revenues.
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