Kraken has rolled out onchain token trading inside its app, letting eligible users swap nearly 2,500 Solana tokens directly through decentralized exchange infrastructure. The move brings a range of Solana-based assets — from memecoins to DeFi tokens — into the same interface where customers already trade bitcoin and ether.
What the new feature offers
The feature taps into Solana's network of decentralized exchanges, meaning Kraken doesn't have to list each token individually. Instead, users get access to tokens that are already trading on DEXs, including many smaller projects that wouldn't make it through a traditional listing process. The company said the tool is designed to streamline the experience for users who want to explore the Solana ecosystem without leaving the Kraken app.
How it works
Kraken handles the order execution by routing trades through Solana DEX liquidity. That means prices come from the same pools that power platforms like Jupiter or Raydium, but the user sees a familiar Kraken interface. The company described it as a bridge between centralized ease of use and decentralized token access. The integration covers tokens across categories like gaming, infrastructure, and community coins.
Eligibility and rollout
Not every Kraken user can jump in right away. The feature is initially available to eligible customers in supported jurisdictions — the company didn't specify which countries are included, but noted that regulatory compliance is built into the launch. Users will need to complete identity verification and agree to terms that cover the added risks of onchain trading, such as slippage and smart contract vulnerabilities.
Kraken is positioning the move as part of a broader push into self-custody and decentralized finance. The company has been expanding its onchain services over the past year, including the launch of its own layer-2 network and a non-custodial wallet.
For now, the feature is live for those who meet the criteria. The company hasn't said whether it plans to expand the token list or add support for other blockchains, but the infrastructure could be adapted for networks like Ethereum or Base down the line.
