Sept. 27 (Reuters) – Cryptocurrency exchange Kraken plans to offer trading in U.S.-listed stocks and exchange-traded funds, Bloomberg News reported on Wednesday, citing people familiar with the matter. Ta.
Kraken will initially offer trading in the US and UK through a service built by a new division called Kraken Securities, with the aim of launching in 2024, according to the report. Said.
The company has already obtained the necessary regulatory approvals in the UK and has applied to the Financial Industry Regulatory Authority for a broker-dealer license in the US, the report added.
“While we cannot comment on rumors or speculation, we aim to expand and enhance our services to ensure our clients continue to have secure and seamless access to Kraken’s full suite of products,” a company spokesperson told Reuters. Ta.
After a devastating last year for the cryptocurrency industry, cryptocurrency companies are looking to expand their services. Some of them are seeking approval from the U.S. Securities and Exchange Commission for spot Bitcoin exchange-traded funds.
Report by Jaiveer Singh Shekhwat in Bangalore.Editing: Maju Samuel
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