Crypto exchange Kraken plans to offer stock trading, Bloomberg reports

Cryptocurrency exchange Kraken is planning to offer trading in U.S.-listed stocks and exchange-traded funds, with a launch targeted for 2024, Bloomberg’s Anna Irrera and Olga Kharif report, citing a person with knowledge of the matter. Kraken, which will initially offer trading in the U.S. and UK through a service developed by its new Kraken Securities unit, already has the required regulatory permits in the UK and has applied with FINRA for a broker-dealer license in the U.S. Publicly traded companies in the space include Bit Digital (BTBT), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Marathon Digital (MARA), MicroStrategy (MSTR), Riot Platforms (RIOT), Stronghold Digital Mining (SDIG) and TeraWulf (WULF).