Kraken, a crypto exchange giant, is making bold strides into the stock trading arena. The venture will be spearheaded by a newly-formed entity, Kraken Securities, which is set to facilitate trade in stocks listed in both the United States and the United Kingdom. The exchange has secured necessary approvals for UK stock offerings and is awaiting a nod from the Financial Industry Regulatory Authority (FINRA) in the US, aiming for a 2024 launch.Kraken is not only expanding its domain horizontally across different financial sectors but also vertically across geographical borders. In Europe, the ambitious expansion strategy is already in full swing, with the exchange having recently clinched crypto trading and custody licenses in Spain and Ireland.The move into stock trading denotes a significant milestone in Kraken’s journey, demonstrating a blend of innovation and strategic expansion. This foray could set a precedent for other crypto-centric platforms eyeing a diversification into the conventional financial trading sphere, thereby blurring the lines between traditional and digital asset exchanges.

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Information	Details
Geography	Europe
Countries	🇺🇸 🇬🇧 🇪🇸 🇮🇪
Sentiment	positive
Relevance Score	10
People	None
Companies	European Union, Ireland, Financial Industry Regulatory Authority (FINRA), Kraken, Bloomberg, Spain
Currencies	None
Securities	None