TL;DR
- On-Chain Token Trading is now live in the Kraken app for eligible customers in the United States and more than 100 countries: no separate wallet, no starting sentences, no application change.
- Almost 2,500 verified Solana tokens are available at launch, including assets in start-up phase not yet listed on any centralized exchange.
- On-chain assets appear next to your existing Kraken Wallet. More networks will be added over time.
Thousands of new tokens are launched on-chain every week. Communities form quickly and the first window on many of these assets closes before they even reach a centralized exchange.
Until now, accessing these markets meant navigating the DeFi infrastructure on your own: creating a separate hot or cold wallet, creating and managing seed phrases, linking assets, and managing gas fees.
This process works well for those who have already mastered it, but for most people, interacting with DEXs (decentralized exchanges) is a real technical hurdle and one that has slowed the broader adoption of crypto.
Starting today, that changes. On-chain token trading is now available in the Kraken app.
Early access to on-chain markets, without the complexity
Our customers in the United States and over 100 countries can now trade over 2,500 Solana-based tokens directly from the Kraken app they already use, many of which are not yet listed on any centralized exchange. Trading is available in USD or USDC through the same interface they already know.
Your on-chain holdings appear right next to your existing Kraken assets in the portfolio view. No switching between apps, no separate wallet to manage. The underlying infrastructure is powered by Privy’s integrated wallet technology and leading Solana DEX protocols, working behind the scenes so you don’t have to think about it. Chain mechanisms are real; they are just managed for you.
If you are already crypto-native and managing on-chain activity across multiple wallets, this gives you a convenient place to bring your portfolio together. And if you’re new to on-chain markets, you don’t need to become a DeFi specialist to participate.
“It’s about access. Buying, holding and selling cryptocurrencies should feel simple, even when the technology behind them is powerful,” said Kamo Asatryan, Payward’s chief data officer and global head of consumer affairs. “No one should feel intimidated by bridges, gas fees, or other technical barriers to using on-chain markets. By integrating this directly into Kraken, we are making DeFi easier to use for millions of people, whether they are new to crypto or are power users who want everything in one place.”
What to know before trading
On-chain trading is self-custodial: Kraken does not hold your assets or private keys. Token prices are volatile and you may lose part or all of your investment. Although Kraken provides the gateway to the on-chain ecosystem, the tokens available through DEX have not been reviewed or approved by Kraken. Trades are executed by third-party protocols, meaning Kraken does not control DEX execution, order execution, timing, or price.
What’s next
We are starting by unlocking on-chain token trading within the Solana ecosystem and plan to expand support to additional networks over time, bringing more on-chain marketplaces to eligible customers around the world.
On-chain trading is not a regulated financial product. You trade via a self-custodial wallet on decentralized protocols; Kraken does not hold your assets or private keys. Token prices are volatile and you may lose part or all of your investment. Kraken has not reviewed or approved the tokens available on the DEX and inclusion on the token listing does not constitute any endorsement, legal verification or investment recommendation. Trading is executed by third-party protocols; Kraken does not control the execution of the DEX and does not guarantee the execution, timing or price of orders. Availability varies by jurisdiction.
