Kraken&nbsp;<a href="https://www.bloomberg.com/news/articles/2023-09-27/crypto-exchange-kraken-to-offer-trading-in-us-stocks-rivaling-robinhood-hood" target="_blank" rel="noopener noreferrer nofollow">plans</a>&nbsp;to launch a stocks and exchange-traded funds (ETF) trading platform through a new division called Kraken Securities in 2024. 
Clients who meet the requirements will gain automatic access to a portfolio balance that includes stocks, crypto assets, and ETFs.&nbsp; 
While the exchange is eyeing the U.S. and U.K. markets, it will need authorities’ permission to trade shares and funds. 
 You might also like: <a href="https://crypto.news/kraken-secures-virtual-asset-service-provider-registration-in-spain-ireland/" rel="noopener noreferrer nofollow"> Kraken secures virtual asset service provider registration in Spain, Ireland </a> 
Reportedly, Kraken has already <a href="https://crypto.news/kraken-expands-offerings-in-crypto-derivatives-adds-paypal-support-in-europe-and-uk/" rel="noopener noreferrer nofollow">received</a> a license in&nbsp;the U.K. The exchange has also applied for registration with the U.S. Financial Industry Regulatory Authority. 
Kraken is expanding outside the U.S., where regulations are less strict. They were recently approved to offer crypto exchange and wallet services in Spain. This move also puts them in direct competition with existing platforms providing traditional and digital assets. 
In February, Kraken&nbsp;<a target="_blank" href="https://crypto.news/kraken-suspends-staking-sec-investigation-ongoing/" rel="noopener noreferrer nofollow">was forced</a>&nbsp;to shut down its staking and paid a $30 million fine to settle&nbsp;<a target="_blank" href="https://crypto.news/sec-launches-investigation-into-kraken/" rel="noopener noreferrer nofollow">SEC charges</a>. 
 You might also like: <a href="https://crypto.news/kraken-secures-virtual-asset-service-provider-registration-in-spain-ireland/" rel="noopener noreferrer nofollow"> Kraken secures virtual asset service provider registration in Spain, Ireland </a>

Kraken to launch stock and ETFs trading platform in 2024

crypto.news

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