On-chain token trading is now built into the Kraken app

Tokens Available

2,500+

Number of verified Solana-based tokens available for trading at launch.

Countries Supported

100+

Number of countries where eligible customers can access on-chain trading.

§ 01 Executive Snapshot

What: On-chain token trading is now integrated into the Kraken app.
Who: Kraken, Privy, and Solana DEX protocols.
Why it matters: This integration simplifies access to decentralized finance (DeFi) markets for users, potentially increasing broader crypto adoption.

On-chain trading is live for eligible customers in the U.S. and over 100 countries, with no need for separate wallets or seed phrases.
Users can trade over 2,500 Solana-based tokens directly from the Kraken app, including many early-stage assets not yet on centralized exchanges.
The on-chain holdings are integrated into the existing Kraken portfolio view, allowing for seamless management of assets.

Historically, engaging with DeFi required navigating complex infrastructures, posing barriers to entry for average users and hindering crypto adoption.
The integration of on-chain trading into a widely-used platform like Kraken could bridge the gap between traditional trading and decentralized markets, enhancing user experience.

Immediate market consequence: This move may attract new users to Kraken who find DeFi intimidating, potentially increasing user engagement and trading volumes.
Long-term implication: As more networks are added, Kraken may solidify its position as a leading gateway for on-chain trading, influencing market dynamics.

Regulatory risk: On-chain trading is not classified as a regulated financial product, which could lead to regulatory scrutiny.
Execution risk: Transactions are handled by third-party protocols, meaning Kraken does not control execution, timing, or pricing of trades.

Future developments to watch include the timeline for expanding on-chain trading support to additional networks beyond Solana.
Monitoring user adoption rates and trading volumes within the new feature will indicate its success or failure in attracting a broader user base.

§ 07

What is the new feature integrated into the Kraken app?

On-chain token trading is now integrated into the Kraken app.

Who are the key players involved in this integration?

The key players involved are Kraken, Privy, and Solana DEX protocols.

How does on-chain trading benefit users?

It simplifies access to decentralized finance (DeFi) markets, allowing users to trade over 2,500 Solana-based tokens directly from the Kraken app.

When will on-chain trading be available to users?

On-chain trading is currently live for eligible customers in the U.S. and over 100 countries.