US customers miss out as Kraken launches on-chain trading for international users
The post US customers miss out as Kraken launches on-chain trading for international users appeared on BitcoinEthereumNews.com.
Kraken’s market for US equities is now live on-chain, with access to 60 US equities for international traders. The exchange has limited US persons from the tokenized securities. Kraken is offering a new market to trade tokenized shares by launching 60 US equities on-chain. The exchange will offer the new on-chain shares only to buyers outside the USA, with limited access for selected markets. Tokenized stocks are not available in Canada, Australia, the EU, the UK, and all generally prohibited regions. The tokenized XStocks are created by BackedFi and are completely composable within the Web3 ecosystem, allowing for the usage of bots, AI trading, and other forms of transfers, swaps, or deposits. The launch follows a previous partnership with BackedFi to launch tokenized stocks on Solana. XStocks finally came live with the first trades, which will also be available through the Bybit exchange. BREAKING: Wall Street is officially onchain.xStocks are now live on Kraken ❎ 60 U.S. equities tokenized and tradable 24/5. More coming soon. We’re not waiting for the future. We’re building it.👇https://t.co/iKu44ZiwZN Not available in the U.S. or to U.S. persons. Geo… pic.twitter.com/FjOsxDJ9se — Kraken Exchange (@krakenfx) June 30, 2025 XStocks will carry some of the top US tech stocks, including GOOG, NVDA, MSFT, and others. The tokenized stocks will be divisible, allowing investments with any amount of deposit, as low as $1. Stock trading will be accessible through fiat, crypto, or stablecoins. The biggest breakthrough for tokenized shares would be access to the entire Solana ecosystem, including DeFi lending. The XStocks tokens will be transferable and tradable, with no restrictions on being used in DeFi protocols. Kamino Lend, the growing Solana lending platform, announced it would accept XStocks as collateral. Tokenized equities still wait for regulatory clearance in the US Kraken and Coinbase already offer various forms…
Filed under: News - @ June 30, 2025 1:27 pm