Crypto exchange Kraken intends to offer a new service that will allow its customers to buy and sell US-listed shares of companies and ETFs.
As Bloomberg reported on Wednesday, this new service, which is expected to be launched next year, will be offered by a new division called Kraken Securities.
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According to a source of the publication, the platform already has all the necessary permits to provide such service in the UK, while it has applied for a broker-dealer license from the Financial Services Industry Regulatory Authority (FINRA) in the US.
A company person told Reuters:
"While we can’t comment on rumors or speculation, we’re looking to broaden and enhance our offering so clients continue to have secure and seamless access to Kraken’s full product suite."