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Investing.com -- Kraken, a prominent cryptocurrency platform, has initiated the initial launch of commission-free trading for over 11,000 U.S.-listed stocks and ETFs for clients in select U.S. states. The states included in this initial rollout are New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama, and the District of Columbia. A phased, national rollout for all eligible U.S. clients is planned to follow.
With this new feature, Kraken clients can now manage stocks, crypto, cash, and stablecoins, all in one location, whether they’re using the Kraken mobile app, the Kraken Pro app, or Kraken Pro web.
In addition to this, Kraken has also introduced fractional trading for over half of its listed assets. This feature allows clients to buy less than one full share of a high-priced stock, thereby making partial ownership in a company more accessible.
Arjun Sethi, Co-CEO of Kraken, commented on the expansion, stating, “Crypto isn’t just evolving, it’s becoming the backbone for trading across asset classes, such as equities, commodities, and currencies. As demand for 24/7 global access grows, clients want a seamless, all-in-one trading experience.” He further added that this expansion into equities is a natural step for Kraken and sets the stage for the future tokenization of assets. He emphasized that the future of trading is borderless, always on, and built on crypto rails, and Kraken aims to lead this shift.
Kraken has future plans to extend traditional securities trading to clients in the U.K., Europe, and Australia. The company also plans to introduce new features to enhance the trading experience.
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