Kraken Builds Beyond Crypto With Futures, Tokenized Stocks, and Payments

Kraken, founded in 2011, has evolved significantly by consistently adding new products and expanding its reach to remain relevant in the changing crypto industry. Recent strategic acquisitions and launches demonstrate its ambition to build a comprehensive financial platform beyond traditional cryptocurrency trading. Key developments include the acquisition of NinjaTrader for $1.5 billion, enabling entry into U.S. regulated futures, and the launch of trading in over 11,000 U.S.-listed stocks and ETFs for select clients. The company also rolled out xStocks for non-U.S. clients, offering trading in tokenized U.S. equities, and launched Krak, a payments app supporting global transfers. Further acquisitions like Capitalise.ai, Breakout, Small Exchange, Backed, Magna, and Bitnomial have bolstered its capabilities in areas such as automated trading, token operations, and regulated derivatives. Kraken now operates under MiCA and MiFID II licenses in Europe and has secured a Federal Reserve master account in the U.S., positioning itself as a multifaceted financial business aiming to integrate trading, payments, tokenized assets, and regulated derivatives into a single platform.

(Source：BeInCrypto)