Kraken Launches US Stock Trading for Europeans
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- Kraken launched trading in more than 7,000 US-listed stocks for eligible EEA customers through its Cyprus-based entity, Payward Europe Digital Solutions, under MiFID II authorization.
- Kraken enables EEA users to trade conventional US shares alongside over 700 xStocks — tokenized versions of equities — on Kraken Pro and its mobile app, consolidating traditional and digital assets on one platform.
- Payward Europe Digital Solutions provides the newly launched stock trading service, allowing EEA customers to hold both physical shares and tokenized representations of the same assets within a single account.
- Kraken offers commission-free trading of US-listed stocks to eligible EEA users, subject to applicable conditions, as part of its expanded traditional finance services.
- Kraken reported that its xStocks product, launched in 2025, has generated over $38 billion in total transaction volume and ranks as the second-largest tokenized stock issuer by market cap at $609 million.
Why it matters: European retail investors now gain direct access to thousands of US equities through a major crypto-native platform, blurring lines between traditional and digital finance. With $609 million in xStocks market cap and $38 billion in transaction volume, Kraken’s hybrid model demonstrates growing demand for unified asset management—potentially pressuring both traditional brokers and rival crypto platforms to expand cross-market offerings.
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