Kraken Adds US Stocks and ETFs in Collaboration with Broker-Dealer Alpaca

Kraken expanded its offering in the US securities through a collaboration with Alpaca, a self-clearing broker-dealer known for its API-first brokerage platform.

The crypto exchange now offers its users access to over 11,000 stocks and ETFs. According to the company, the latest collaboration gives Kraken’s US-residing clients access to a broad selection of over 11,000 equities and ETFs, a move that aims to bridge the gap between traditional and digital asset trading.

Kraken Expands Investment Offerings

“We are excited to work with Alpaca to bring US equities to our clients,” commented Nick LaMaina, Managing Director of Kraken. “This collaboration accelerates Kraken’s vision of combining traditional and digital asset classes into one platform, enhancing the user experience of both new and sophisticated traders while maintaining the highest standards of trust and security.”

Industry-leading crypto platform, @krakenfx, offers US equities to their US-based clients, furthering their ambitions of becoming a multi-asset-class platform for digital and traditional financial products.We thank the Kraken team, including @arjunsethi, @DavidLRipley, and Nick… pic.twitter.com/YyXUqClxZK

The Alpaca partnership offers Kraken a robust infrastructure to execute low-latency trades and process fractional orders. This allows Kraken to provide commission-free equities trading to its users, without compromising on speed or efficiency.

Eying a Multi-Asset Platform

Earlier this year, Kraken acquired NinjaTrader, a futures trading platform, which signals the company’s intent to expand its investment offerings further. In the near future, Kraken plans to explore adding more traditional asset classes, such as options, and making these available globally.

Most recently, Kraken also launched FX perpetual futures for EUR/USD and GBP/USD, offering its users 24/7 access to major currency pairs reportedly for the first time. Unlike traditional FX products that expire or follow limited trading windows, the newly launched FX perps trade continuously without expiry, the company mentioned.

“By introducing FX Perps, we’re capitalizing on this market-leading position by providing clients with a powerful new tool to better navigate and tailor exposure to some of the most widely-traded currency markets in crypto today,” said Alexia Theodorou, Head of Derivatives at Kraken.

Besides that, Kraken announced plans to buy the US-based retail futures trading platform NinjaTrader for $1.5 billion, according to the Wall Street. Founded in 2003, NinjaTrader operates as a Futures Commission Merchant and offers futures trading tools to traders.