TL;DR
- On-chain token trading is now live in the Kraken app for eligible customers in the U.S. and 100+ countries: no separate wallet, no seed phrases, no app-switching.
- Nearly 2,500 verified Solana tokens are available at launch, including early-stage assets not yet listed on any centralized exchange.
- On-chain holdings appear alongside your existing Kraken portfolio. More networks will be added over time.
Thousands of new tokens launch on-chain every week. Communities form fast, and the early window on many of these assets closes before they ever reach a centralized exchange.
Until now, getting into those markets meant navigating DeFi infrastructure on your own: setting up a separate hot or cold wallet, creating and managing seed phrases, bridging assets, and handling gas fees.
That process works well for those already fluent in it, but for most people, interacting with DEXes (decentralized exchanges) is a real technical barrier, and one that has slowed broader crypto adoption.
Starting today, that changes. On-chain token trading is now live in the Kraken app.
Early access to on-chain markets, without the complexity
Our customers in the US and more than 100 countries can now trade 2,500+ Solana-based tokens directly from the Kraken app they already use, including many 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 alongside 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 embedded wallet technology and leading Solana DEX protocols, working behind the scenes so you don’t have to think about it. The on-chain mechanics are real; they’re just handled for you.
If you’re already crypto-native and managing on-chain activity across multiple wallets, this gives you one convenient place to bring your portfolio together. And if you’re newer to on-chain markets, you don’t need to become a DeFi specialist to participate in them.
“This is about access. Buying, holding, and selling crypto should feel simple, even when the technology behind it is powerful,” said Kamo Asatryan, Chief Data Officer of Payward and Global Head of Consumer. “No one should feel intimidated by bridges, gas fees, or other technical barriers to using on-chain markets. By building this directly into Kraken, we’re making DeFi easier for millions of people to use, whether they’re new to crypto or experienced users who want everything in one place.”
What to know before you trade
On-chain trading is self-custodial: Kraken does not hold your assets or private keys. Token prices are volatile, and you may lose some or all of your investment. While Kraken provides the gateway into the on-chain ecosystem, the tokens available via the DEX have not been reviewed or approved by Kraken. Transactions are executed by third-party protocols, which means Kraken does not control DEX execution, order fill, timing, or price.
What’s next
We’re 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 markets within reach for eligible customers globally.
On-chain trading is not a regulated financial product. You are trading via a self-custodial wallet on decentralised protocols; Kraken does not hold your assets or private keys. Token prices are volatile and you may lose some or all of your investment. Kraken has not reviewed or approved the tokens available on the DEX and inclusion on the token list does not constitute any endorsement, legal verification, or investment recommendation. Trading is executed by third-party protocols; Kraken does not control DEX execution or guarantee order fill, timing, or price. Availability varies by jurisdiction.