Kraken, which is anticipated to go public subsequent yr, introduced immediately (Friday) that it has enhanced its equities providing for its US consumer base by introducing inventory lending options. The platform now additionally permits its customers to switch their inventory holdings from different brokerage platforms to Kraken.
Different service enhancements embrace prolonged equities buying and selling hours, from 4:00 a.m. ET to eight:00 p.m. ET, Monday via Friday. It now additionally permits its customers to entry market depth knowledge.
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“These additions goal to additional bridge the hole between conventional finance and digital belongings, providing traders a unified platform to handle their portfolios,” the California-headquartered firm famous.
Equities Companies Launched within the US
Kraken, one of many oldest crypto exchanges nonetheless in operation, launched equities buying and selling providers within the US earlier in April. It affords shares and exchange-traded funds (ETFs) buying and selling providers in a couple of dozen US states.
In response to the platform, it affords greater than 11,000 US-listed shares and ETFs to its customers within the US.
Inventory Tokenization for Non-US Clients
Whereas Kraken initially expanded past crypto by including equities within the US, it grew to become one of many many crypto exchanges to introduce inventory tokenization providers for its non-US prospects.
“Our growth into equities is about extra than simply including new belongings, it’s about redefining the funding panorama,” the change added. “By integrating conventional monetary devices with digital belongings, we provide a holistic strategy to investing.”
European Growth with MiFID II License
In the meantime, Kraken can be increasing its choices inside crypto. It obtained a MiFID II license by buying a Cyprus dealer earlier this yr after which launched crypto perpetual contracts with it for its European customers.
The crypto change even entered into the prop buying and selling house not too long ago by buying Breakout. It additionally accomplished the $1.5 billion acquisition of NinjaTrader, a US-based futures buying and selling platform.
IPO Plans Backed by $500 Million Funding
In the meantime, the preliminary public offering-bound crypto change not too long ago closed a $500 million funding spherical at a valuation of $15 billion. Apparently, its co-CEO, Arjun Sethi, additionally invested within the change in a private capability.
