Kraken expands beyond crypto with commission-free trading launch

Kraken, one of the world's largest cryptocurrency exchanges, began a phased national rollout of commission-free trading for over 11,000 US-listed stocks and exchange-traded funds on Monday, marking its latest move to expand across asset classes. Crypto firms such as Kraken are looking to expand their businesses to traditional financial spaces on the back of US President Donald Trump's promise of a more industry-friendly regulation. Expanding into equities is a natural step for us, and paves the way for the tokenization of assets. The future of trading is borderless, always on and built on crypto rails, Kraken co-CEO Arjun Sethi said.