TechFlow news — Bloomberg, citing sources familiar with the matter, reported that cryptocurrency exchange Kraken plans to launch trading services for U.S. stocks and ETFs in 2024, marking its first move beyond the crypto space. According to an anonymous source, Kraken will initially offer these services in the U.S. and the U.K. through a new division called Kraken Securities. The company already holds the necessary regulatory licenses in the U.K. and has applied for broker-dealer registration with the Financial Industry Regulatory Authority (FINRA) in the United States.
As regulatory pressure intensifies in the U.S., Kraken has recently expanded its operations outside the country. The exchange previously reached a $30 million settlement with the U.S. SEC and shut down its crypto staking service. It has recently registered in Spain as a virtual asset service provider.
