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Kraken launches tokenised US stocks in EU as competition with Robinhood intensifies

Kraken is upping the ante against Robinhood. On Wednesday, the US crypto exchange announced the launch of its tokenised stock trading product, xStocks, across the European Union, making it available for millions of eligible clients. The launch will grant access to representations of more than 60 US-listed stocks and exchange-traded funds. In the US, the xStocks trading boom has catapulted tokenised stocks to become the fastest-growing subsector of crypto’s $25 billion real-world asset niche. “Expanding ...