• Kraken intends to launch stock trading

  • According to CEO Jesse Powell, cryptocurrency exchange Kraken intends to expand into traditional banking services.

    Powell said that the company was on track to offer stock trading and even “small loans” in the long run:

    We are expanding into traditional services such as stock trading, banking, and possibly even small loans.

    Powell, on the other hand, stated that traditional finance would not be a priority for the crypto trading platform.

    The Coinbase competitor launched its stock trading app in the United States in June. Following in the footsteps of its larger rivals, the San Francisco-based trading platform announced earlier today that it would be adding support for the Shiba Inu cryptocurrency.

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