Kraken has launched trading in US-listed stocks for eligible customers across the European Economic Area, adding traditional equities to its existing cryptocurrency and tokenised stock offerings.

Eligible EEA customers can now access more than 7,000 US equities under Kraken's MiFID II authorisation. The service is available through the desktop and mobile versions of Kraken Pro, as well as the Kraken mobile app.

The move comes as cryptocurrency exchanges expand into traditional financial markets. Coinbase, for example, offers stocks and ETFs alongside crypto in the United States. It has also introduced equity-linked perpetual futures for non-US users and is developing tokenised stock products.

Kraken Combines US Shares and xStocks

Kraken had already expanded its xStocks offering to European Union clients. The latest launch adds traditional shares alongside those tokenised products. xStocks are tokenised versions of US-listed equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term backed 1:1 by underlying shares.

Customers can now hold both traditional shares and their tokenised equivalents within the same regulated account without moving capital between platforms.

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“This launch eliminates the artificial divide between traditional and tokenized formats of the same asset,” said Mark Greenberg, Chief Commercial Officer of Payward and Head of Payward Services.

He added that customers can choose how they access the same underlying exposure, with US-listed stocks and xStocks available “side-by-side in a single regulated account.”

Unlike traditional shares, xStocks can be transferred to self-custody wallets and traded when public equity markets are closed.

7,000+ US stocks are now available to EEA users in the Kraken app 🇪🇺

Invest in stocks, tokenized equities, and crypto all in one platform.

Explore stocks ⤵️https://t.co/0BVtXJ2tf1 pic.twitter.com/ApYmHxNzOF

— Kraken (@krakenfx) August 18, 2026

xStocks Transaction Volume Tops $38 Billion

xStocks have generated more than $38 billion in total transaction volume since launch, according to Kraken.

The traditional equity service is provided by Payward Europe Digital Solutions Limited, a Cyprus-based entity authorised by the Cyprus Securities and Exchange Commission as a MiFID investment firm. Trading in US equities is commission-free for eligible EEA customers, although spreads and foreign exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term costs may apply.

Kraken said it plans to expand the integrated stock offering to additional markets in the coming months.

Greenberg described the model as “one asset class, multiple formats, fully integrated.”