Kraken plans to enter the US stock and ETF trading market in 2024.

According to a report from Bloomberg citing anonymous sources, cryptocurrency exchange platform Kraken plans to launch trading services for US-listed stocks and exchange-traded funds (ETFs) in 2024. This marks the first time that Kraken, which has been in operation for 12 years, ventures outside of its cryptocurrency business. The new service will be provided through Kraken Securities, a newly established department, and will initially be launched in the US and UK. Currently, Kraken has obtained the necessary regulatory licenses in the UK and has applied for a broker-dealer license with US financial regulators.