Kraken has rolled out on‑chain token trading inside its primary app, giving eligible users in the United States and more than 100 other countries the ability to trade nearly 2,500 Solana‑based tokens.
Feature Overview
The new tool lets investors buy, hold, and sell crypto directly through Kraken without creating a separate wallet or handling seed phrases. Trades execute in either USD or USDC, and on‑chain balances appear alongside the traditional Kraken portfolio. This streamlined experience mirrors a centralized exchange while tapping into blockchain liquidity.
Technical Foundations
Kraken’s on‑chain engine runs on Privy’s embedded wallet technology combined with Solana DEX protocols, which manage the underlying transaction flow. The platform abstracts the complexities of bridging assets, allowing the same interface to process both fiat‑denominated and on‑chain orders. By integrating these services, Kraken delivers a seamless crypto trading experience for its global user base.
Future Outlook
Initially focused on Solana—the network known for rapid token launches and memecoin activity—Kraken plans to introduce additional blockchains as demand grows. Kamo Asatryan, Chief Data Officer of Payward and Global Head of Consumer, emphasized that the goal is to make crypto access simple for investors despite powerful underlying technology. Expanding on‑chain market access promises to broaden Kraken’s reach and deepen its role in the evolving crypto market.