Kraken Brings Onchain Token Trading to Its Main App

Kraken has expanded its cryptocurrency trading platform to include onchain token trading for eligible users in the US and over 100 countries. This feature allows users to trade Solana-based tokens directly within the Kraken app, eliminating the need for a separate wallet or bridging assets.

The launch marks a significant push by Kraken into decentralized finance (DeFi) access, while maintaining a centralized exchange-like interface. The underlying infrastructure is powered by Privy's embedded wallet technology and Solana DEX protocols.

Kraken's Chief Data Officer Kamo Asatryan emphasized the importance of accessibility in cryptocurrency trading, stating 'Buying, holding, and selling crypto should feel simple, even when the technology behind it is powerful.'