Kraken extends beyond cryptocurrencies by offering shared shares in the United States and Stock Exchange (ETF) funds in a decision to call on more traditional investors.
Kraken, the 13th largest exchange of centralized cryptocurrency in the world in volume, announced the launch of 11,000 shares and ETF listed in the United States with exchanges without commission in order to bring together “digital actions and assets” under a single trading platform.
As of April 14, American users of New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama and Columbia District can access these actions and ETF in their Kraken account, announced the company.
Kraken develops in shares and ETF. Source: Kraken
The exchange plans to continue to extend access to customers in other American states, marking the first part of a “progressive national deployment”.
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The feeling of traditional investors and cryptocurrencies took an important blow after the announcement of the reciprocal import rate of US President Donald Trump on April 2.
Kraken’s traditional shares supply occurs a week after the S&P 500 has displayed a loss of market capitalization of $ 5 billion over two days, marking its greatest drop never recorded, exceeding a decrease of $ 3.3 billion in March 2020 after the first wave of the Pandemic COVID-19.
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The crypto “becomes the backbone for trading”
Kraken’s expansion in traditional investment products signals the growing usefulness of cryptocurrencies and blockchain technology, according to Arjun Sethi, Kraken Co-PDG.
“The crypto does not only develop the evolution, it becomes the backbone for trade between asset classes, such as actions, basic products and currencies. As the demand for global access 24/7 increases, customers want a trading experience all in one.”
Sethi added that expansion in traditional actions is a “natural step” to the tokenization of active active people and the “borderless” future of trade built on blockchain rails.
Kraken also plans to extend its share trading offer to other major international markets, including the United Kingdom, Europe and Australia.
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