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<div class="watcher-guru">  
 <p>Cryptocurrency exchange <a rel="dofollow" title="Kraken" href="https://thebittimes.com/tag/kraken.html">Kraken</a> is planning to significantly expand its offerings by launching a <a rel="dofollow" title="stock" href="https://thebittimes.com/tag/stock.html">stock</a> and ETF <a rel="dofollow" title="Trading" href="https://thebittimes.com/tag/trading.html">Trading</a> service, marking the company’s first foray beyond digital assets.</p> 
 <p>According to the report, Kraken will initially roll out the new trading functionality in the US and UK through its newly formed Kraken Securities division.</p> 
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    <p lang="en" dir="ltr">JUST IN: <a rel="dofollow" title="Kraken" href="https://thebittimes.com/tag/kraken.html">Kraken</a> crypto exchange to launch <a rel="dofollow" title="stock" href="https://thebittimes.com/tag/stock.html">stock</a> <a rel="dofollow" title="Trading" href="https://thebittimes.com/tag/trading.html">Trading</a>.</p> 
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    </div> — Watcher.Guru (@WatcherGuru) September 27, 2023
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 <h2 class="wp-block-heading" id="h-kraken-has-already-secured-approval-in-the-u">Kraken has already secured approval in the U</h2> 
 <p>The exchange has already secured the necessary regulatory approval in the UK and has applied for a US broker-dealer license.</p> 
 <p>The Kraken stock and ETF trading platforms have a prospective launch timeline of 2024, according to the details from the sources. The move recognizes the growing demand for a “one-stop shop” for diverse trading needs across cryptocurrencies and equities.</p> 
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 <p><strong>Also read: Gary Gensler Says Bitcoin is Not a Security, Refuses to Say It’s a Commodity</strong></p> 
 <p>Kraken is leveraging its technical infrastructure and compliance track record to edge into the stock brokering space. However, Kraken faces stiff competition from incumbent retail brokerage giants like Robinhood.</p> 
 <p>The news comes at a time when the exchange has secured fresh regulatory approvals to grow its presence across Europe. Kraken received an E-Money Institution (EMI) license from the Central Bank of Ireland.</p> 
 <p>Additionally, the exchange is registered as a Virtual Asset Service Provider (VASP) in Spain. This allows the exchange to offer cryptocurrency trading and custodial services to Spanish citizens, supplementing recent VASP registrations in Ireland and Italy.</p> 
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<div class="cs-entry__tags">
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  <li>Kraken</li>
  <li>stock</li>
  <li>Trading</li>
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/kraken-crypto-exchange-to-launch-stock-trading-tbt64238.html">https://thebittimes.com/kraken-crypto-exchange-to-launch-stock-trading-tbt64238.html</a></p>

Kraken Crypto Exchange to Launch Stock Trading

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TheBitTimes

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