Overview
- Kraken has launched in‑app on‑chain trading that lets eligible customers trade about 2,500 Solana tokens without creating a separate wallet.
- The system uses an embedded non‑custodial wallet from Privy and routes trades through Solana DEX infrastructure such as Jupiter to execute swaps.
- Trades are market orders only, carry a built‑in 3% slippage tolerance, have a $10 minimum, and incur a 1% Kraken technology fee plus Solana network fees.
- Kraken warns the tokens available have not been reviewed by the exchange, withdrawals to external wallets are limited for DEX‑traded assets, and trades rely on third‑party protocols for execution.
- The product expands retail access to Solana’s long tail of tokens and signals Kraken’s move deeper into on‑chain services, with plans to add more networks and geographies that could shift early liquidity and listing flows.