Kraken Launches Xstocks, Bringing 24/7 US Stock Trading to european Investors
BERLIN – Kraken, a leading cryptocurrency exchange, has expanded access to US stock markets for European Union investors with the launch of Xstocks, a platform offering tokenized certificates representing US shares. The move bypasses traditional trading limitations adn intermediaries, enabling faster, cheaper, and more flexible investment opportunities.
Historically, EU investors have faced hurdles accessing US markets due to restricted trading times and complex, costly intermediary systems. Xstocks addresses these challenges by utilizing blockchain technology, initially on the Solana network, and soon expanding to BNB Chain, to provide 24/5 trading via the Octopus platform.Xstocks allows investors to trade in tokenized certificates mapped to US shares, eliminating dependence on traditional intermediaries and offering direct onchain transactions. Beyond trading, the platform enables users to freely move assets between platforms and integrate them into decentralized finance (DeFi) protocols.
“Access to xstocks for investors from the European Union is a logical step for octopuses. So far it has been unnecessarily complicated to invest in the US markets – with Xstocks we break down many of these hurdles,” stated Mark Greenberg, Global Head of Consumer at kraken.
Kraken plans to further expand Xstocks to additional blockchains, aiming for maximum flexibility and interoperability. The company views Xstocks as a key step towards democratizing financial markets, providing direct, decentralized, and approval-free access to global capital.
