Kraken Expands US Stock Trading to European Users

Kraken's move signals that crypto-native venues increasingly see tokenized or conventional equities as a way to deepen engagement with existing users rather than as a standalone brokerage play. The immediate effect falls on European retail clients who already hold accounts, and on incumbent brokers facing a new distribution channel with a familiar interface. The open question is whether this remains a feature bolted onto a crypto app or becomes a genuine multi-asset offering, and whether regulators treat the equity side with the same scrutiny they apply to the exchange's core business.