Kraken has launched onchain token trading inside its main app, giving eligible users in the US and more than 100 countries access to nearly 2,500 Solana based tokens.
The feature allows users to trade onchain assets directly through Kraken without setting up a separate wallet, managing seed phrases, bridging assets or switching between apps. Trading is available in USD or USDC, with onchain holdings shown alongside users’ existing Kraken portfolios.
The launch marks a deeper push by Kraken into DeFi access, while keeping the experience closer to a centralized exchange interface. Many tokens first gain liquidity on decentralized exchanges before they are listed on major centralized platforms, creating an early market that has usually required more technical knowledge to access.
Kraken said the underlying infrastructure is powered by Privy’s embedded wallet technology and Solana DEX protocols. The mechanics of onchain trading are handled in the background, while users trade through the same app they already use for their broader Kraken accounts.
“This is about access,” said Kamo Asatryan, Chief Data Officer of Payward and Global Head of Consumer. “Buying, holding, and selling crypto should feel simple, even when the technology behind it is powerful.”
The feature starts with Solana, one of the most active networks for token launches and memecoin trading. Kraken said more networks will be added over time as it expands onchain market access for eligible users.
The rollout also comes with important limitations. Kraken said onchain trading is self custodial, meaning it does not hold user assets or private keys. The tokens available through the DEX have not been reviewed or approved by Kraken, and trades are executed through third party protocols, leaving users exposed to token volatility, execution risk and potential losses.
