CRYPTO EXCHANGE KRAKEN PLANS TO OFFER TRADING IN US-LISTED STOCKS

Summary from the TLDR Crypto newsletter

Cryptocurrency exchange Kraken is reportedly planning to offer trading of US-listed stocks and ETFs, a first in the company's history. Launching via a new division, Kraken Securities, the service aims to go live in 2024. The move positions Kraken to compete with players like Robinhood and Public.com in the zero-commission market. While the "crypto winter" likely pushed Kraken to pursue this new product line, the company has still managed to grow its market share on the crypto side despite the brutal market conditions.