Kraken has launched trading in more than 7,000 U.S.-listed stocks for eligible customers across the European Economic Area, giving them a second route into American equities alongside its existing xStocks. The rollout puts traditional shares, tokenized xStocks and crypto in a single Kraken account, and no other crypto platform in the EEA currently offers both stock formats side by side.
Kraken customers across the European Economic Area can now trade more than 7,000 U.S.-listed stocks. That access joins over 700 tokenized xStocks and more than 600 crypto assets already available in the same account.
Rollout reaches the full EEA
Kraken began introducing the service in Germany, the Netherlands and France in recent days before extending it across the entire European Economic Area on Aug. 18. Eligible customers can trade the stocks through Kraken Pro and the main Kraken app with no trading commission. However, spreads and FX costs may still apply. Users must accept additional terms before the feature unlocks, so access will not be automatic for every existing customer.
The service runs through Payward Europe Digital Solutions (CY) Limited, a Cyprus investment firm authorised under MiFID II. Mark Greenberg, chief commercial officer of Kraken parent Payward, said "customers can choose how they access the same underlying exposure" now that both formats sit in one regulated account.
Kraken stands apart from rivals' single-format offerings
Kraken frames the setup as distinct from other European platforms, which typically offer only one form of U.S. equity exposure: Bitpanda provides traditional stock trading, while Robinhood and Crypto.com have rolled out tokenized equity products instead. Crypto.com, for instance, recently launched tokenized stock derivatives tracking about 1,500 U.S. stocks and ETFs that give buyers synthetic price exposure without legal ownership of the underlying shares.
xStocks volume keeps climbing
Kraken's xStocks have processed more than $38 billion in total transaction volume since launching in June 2025. That growth follows earlier expansions: in July, Kraken let holders post select xStocks — including tokenized Apple, Nvidia and Tesla shares — as margin trading collateral for futures positions. Earlier in August, it extended shareholder voting rights to more than 125,000 xStocks holders.
Payward, Kraken's parent, reported $508 million in adjusted revenue for the second quarter, up 17% year over year. Over the same period, total platform transaction volume fell 13% to $310 billion.
Sources: crypto.news, CoinGape
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