Kraken Lets Europeans Trade Tokenized US Stocks Without Brokers Or Extra Fees

Cryptocurrency exchange Kraken announced on Wednesday that it is launching xStocks in the European Union to bypass the hurdles European investors frequently face, including excessive fees, limited access, and unnecessary complexity.

The company extended the phased global rollout of xStocks to millions of clients across the European Union, expanding on-chain exposure to many iconic U.S. stocks and ETFs.

Powered by Backed’s xStocks, Kraken has enabled eligible EU-based investors to trade a growing list of tokenized representations of popular U.S.-listed equities — all available directly through the Kraken app.

Also Read: Kraken Aims To Raise $500 Million, Second-Largest US Crypto Platform Eyeing A $15 Billion …

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