Trade well-known U.S. stocks and ETFs around the clock, five days a week. Maintain direct control and complete ownership of your assets.
We’re excited to announce the availability of tokenized versions of U.S. stocks on Kraken Pro! This innovative offering, called xStocks, is made possible through Backed’s cutting-edge technology.
Now, qualified international clients can conveniently access the value of leading American stocks and ETFs directly through Kraken Pro’s website, mobile app, and desktop platform.
A Fresh Approach to Trading U.S. Stocks
xStocks are digital tokens that represent ownership in actual U.S. stocks or ETFs. Each token is backed 1:1 by the underlying asset. This means you can trade them almost around the clock on Kraken Pro, move them to your personal wallet whenever you choose, and even use them in various decentralized finance (DeFi) applications, while enjoying competitive trading spreads.
The initial launch includes 60 tokenized assets, such as Apple (AAPLx), Tesla (TSLAx), and the S&P 500 ETF (SPYx). The selection will continue to grow in the future.
Benefits of Trading xStocks on Kraken Pro
By utilizing xStocks on Kraken Pro, clients gain the ability to:
- Trade Stocks Like Crypto: Trade tokenized U.S. stocks alongside cryptocurrencies, derivatives, and more.
- Utilize Professional Tools: Access in-depth charting tools, price alerts, and over 9 order types, including advanced options like Iceberg, Trailing Stop, and Take Profit orders.
- Execute with Precision: Take advantage of full market depth visibility, real-time order books, and low-latency trading infrastructure.
- Trade Beyond Standard Hours: Trade nearly 24/7, from Sunday 8:00 p.m. ET through Friday 8:00 p.m. ET. Enjoy 24/7 self-custody possibilities for on-chain usage.
- Invest with Flexibility: Begin with investments as low as $1 and transfer xStocks to a self-custodied wallet for maximum control over your assets.
- Low Fees: Benefit from a competitive taker fee of 0.1% and a maker rebate of -0.02%.
With fractional shares and no foreign exchange fees required, Kraken Pro offers a particularly efficient method to gain exposure to U.S. stocks, eliminating many of the traditional obstacles.
Centralized Management for All Your Assets
xStocks strengthen Kraken Pro’s position as a comprehensive platform for both traders and investors seeking a unified experience encompassing tokenized stocks, cryptocurrencies, derivatives, and more.
Whether you trade on the go, manage your investments from your computer, or leverage our APIs for complex strategies, Kraken Pro facilitates your ability to:
- Construct a well-rounded portfolio of various tokenized assets.
- Trade efficiently with low latency and minimal price slippage.
- Take control of your assets through self-custody – available anytime, anywhere.
With the introduction of xStocks, you now have the capability to strategize and execute multi-asset investment plans from a single, sophisticated interface.
Begin today and explore the next stage of financial evolution directly within Kraken Pro.
xStocks are issued by Backed Assets (JE) Limited, a Jersey-based company, and are offered to eligible Kraken clients through Payward Digital Solutions Ltd. (“PDSL”), a Bermuda Monetary Authority licensed digital asset business. xStocks haven’t been, nor will they be, registered with any local securities regulators. PDSL (Kraken) provides no investment recommendations or advice; any information provided through Kraken’s apps, websites, or otherwise, should not be interpreted as such. Investors should conduct their own research or seek independent professional guidance when evaluating the suitability of any investment, including potential tax implications, for their individual financial situation and needs. Investing in xStocks involves risks. Investment values can fluctuate, and past performance doesn’t guarantee future results. Not available in the U.S. or to U.S. persons. Geographic restrictions apply. Carefully review Kraken’s xStocks Risk Disclosure at kraken.com/legal/xstocks and the Base Prospectus and related Final Terms for xStocks at https://assets.backed.fi/legal-documentation for comprehensive details.