Kraken’s Bold Move: Trading Stocks Like It’s 1999! 🚀

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  • Kraken, in a fit of audacity, launches xStocks for 24/7 global trading of tokenized U.S. equities.
  • And just like that, President Trump decides to play nice with crypto. Who knew?

Ah, Kraken! The daring adventurer of the financial seas, now offering 24/7 trading for tokenized U.S. equities. Investors worldwide can now indulge in the delights of Apple, Tesla, and Nvidia at any hour, even when the moon is high and the coffee is cold. ☕🌙

This audacious leap comes after Kraken has danced with the SEC, a tango of legal challenges that would make even the most seasoned lawyer weep. But fear not, dear reader, for they have emerged with bold plans and a twinkle in their eye.

From Legal Battles to Bold Plans

In a statement that could rival a Shakespearean soliloquy, Kraken proclaimed,

“Thrilled to unveil xStocks, a new line of over 55 tokenized stocks and ETFs, set to launch soon on Kraken and integrated with Solana’s best DeFi apps.”

Ah, xStocks! A service that promises to deliver over 50 tokenized stocks and ETFs, like a magician pulling rabbits from a hat, but with more spreadsheets and fewer top hats.

This platform will be accessible to users in Europe, Latin America, Africa, and Asia, providing 24/7 trading akin to Bitcoin [BTC]. Because who needs sleep when you can trade stocks at 3 AM? 💤💸

By serving traditional equities in a crypto-native format, Kraken aims to offer continuous market access outside the U.S., where they already operate a conventional stock trading platform with more than 11,000 stocks and ETFs. Yes, you heard that right—11,000! Enough to make your head spin.

The firm elaborated,

“It follows our recent rollout of equities trading for U.S. clients, giving millions of Americans access to over 11,000 U.S.-listed stocks and ETFs directly within the Kraken app. We’re planning to expand that offering to clients in the U.K., Europe, and Australia soon.”

Crypto Industry Under Trump

Under the watchful eye of President Donald Trump, the SEC has decided to ease many crypto-related lawsuits, including those against our dear Kraken. A true fairy tale ending, wouldn’t you say?

While Binance [BNB] briefly flirted with equity tokenization in 2021, they quickly retreated like a cat caught in a rainstorm due to regulatory pressure. But now, the winds of change are blowing, and Kraken is ready to sail forth!

With growing support from U.S. lawmakers and major players like Robinhood and BlackRock entering the tokenization space, Kraken is seizing the moment, like a cat pouncing on a laser pointer. 🐱💡

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2025-05-24 00:11