Kraken has opened trading in more than 7,000 US-listed stocks to eligible customers across the European Economic Area. The rollout runs through Kraken Pro and the Kraken mobile app, cleared under the company’s MiFID II authorization through its Cyprus-based arm, Payward Europe Digital Solutions. Mark Greenberg, Chief Commercial Officer of Payward, said the launch puts real shares and their tokenized equivalents in the same regulated account for the first time.

How Kraken’s Stocks and xStocks Now Work Together

Kraken announced the launch on X, saying the new equities sit alongside its existing lineup of more than 600 crypto assets and over 700 xStocks, tokenized versions of US-listed companies backed one-to-one by the underlying shares. 

Eligible EEA customers can now trade the stocks commission-free, subject to Kraken’s terms, without moving funds between separate platforms to switch between a traditional share and its tokenized twin.

Kraken had already brought xStocks to European Union customers before this launch. The difference now is that both formats sit in the same account. Greenberg said the setup gives customers a choice in how they hold the same underlying exposure, calling it access to stocks and xStocks “side-by-side in a single regulated account.” 

He added that the launch removes what he called the “artificial divide between traditional and tokenized formats of the same asset.”

Kraken is not alone in blending stock and crypto trading. Coinbase already offers stocks and ETFs to US customers and has rolled out equity-linked perpetual futures for users outside the US, with tokenized stock products reportedly still in development.

What This Means for EEA Investors

For customers in the region, the launch means one account can now hold conventional shares and their onchain equivalents, with the tokenized version staying tradable around the clock and available for self-custody even when stock markets are closed. You can check our broader crypto news coverage for how exchanges are folding traditional markets into their platforms.

What to Watch Next

Kraken said it plans to extend the integrated stock and xStocks offering to additional markets in the coming months, though it has not named which countries are next or given a firm date. The company’s Nasdaq tie-up earlier this year points to a pattern of steady expansion into equities, and you can check our coverage of Kraken’s Nasdaq tokenized stock partnership for how that earlier move played out.

What this means for you: Kraken customers in the EEA can now hold a US stock and its tokenized xStocks equivalent in the same account, without moving funds between separate brokerage and crypto platforms to switch between the two.