Kraken unveils on-chain Solana token trading in app

Kraken now enables on-chain Solana token trading in its app, letting users in 100+ countries access nearly 2,500 tokens without extra wallets or seed phrases. Trades use USD or USDC, with assets shown in existing portfolios.

Kraken has introduced on-chain decentralized exchange (DEX) trading for Solana-based tokens directly within its main mobile app. This feature allows eligible users in the US and over 100 countries to access and trade nearly 2,500 Solana tokens, including many not yet listed on centralized exchanges. Users can trade without the need for separate wallets, seed phrases, or switching between different apps. The integration utilizes Privy’s embedded wallet technology and Solana DEX protocols, enabling users to buy and sell tokens using USD or USDC. On-chain holdings are displayed alongside existing Kraken portfolio assets, providing a unified view of all assets. This update streamlines access to early-stage DeFi assets by removing technical barriers such as wallet setup and asset bridging. Kraken also plans to expand support to additional blockchain networks, further bridging the gap between centralized and decentralized trading within a single, familiar interface.