Kraken Opens Access to US Stock Market for European Traders with New xStocks Platform

Crypto exchange Kraken has launched a new platform, xStocks, that allows European investors to trade tokenized versions of U.S. stocks and ETFs. This move aims to bring greater flexibility and accessibility to the traditionally complex U.S. stock market. The platform leverages blockchain technology for faster trading, reduced costs, and 24/5 trading hours. Kraken believes xStocks will allow users to participate in U.S. markets with greater ease and control over their assets, potentially revolutionizing how international investors interact with U.S. equity markets.