Kraken Unveils On-Chain Trading for Solana Tokens Amid Market Downturn

Kraken has rolled out on-chain trading for Solana tokens, but the SOL price has extended its losses.

The leading crypto exchange now allows customers to trade over 2,500 Solana-based tokens directly within its app, removing technical hurdles such as managing seed phrases or switching between multiple platforms.

The feature is available across the United States and more than 100 countries, and users can trade using USD or USDC without leaving the platform.

Kraken's Chief Data Officer, Kamo Asatryan, explained that the goal is to make advanced crypto tools easier to use by removing complex processes like gas fees and bridging assets.