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- Kraken adds Solana token trading in its app for users in over 100 countries.
- Users can trade more than 2,500 Solana tokens using USD or USDC pairs.
- Kraken says the self-custodial feature carries DEX execution and token risks.
Kraken has added on-chain trading for Solana-based tokens to its mobile app, opening access to more than 2,500 assets. The service covers users in the United States and over 100 other countries. The feature went live on Thursday this week.
The launch brings Solana ecosystem trading into Kraken’s mobile platform. Users can buy, hold, and sell eligible tokens with USD or USDC through a format already used by customers. Many of the assets are not yet available on centralized exchanges.
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Kraken Adds Self-Custodial Solana Trading Through Mobile App
Kraken said the feature is designed to reduce the steps usually needed for on-chain trading. Users do not need separate wallets, seed phrases, bridges, or manual gas handling. The activity runs through the existing Kraken app interface, without a separate DeFi setup.
The service uses Privy’s embedded wallet technology and Solana decentralized exchange protocols. Those systems support wallet access and trade routing in the background. On-chain holdings will appear with regular Kraken balances in the portfolio view for easier account tracking.
Kraken said the product is self-custodial. That means the exchange does not hold user assets or private keys. Customers keep responsibility for their Solana tokens and related on-chain activity at all times.
The company also outlined limits tied to execution and trade routing. Trades are carried out through third-party decentralized exchange protocols. Kraken said it does not control execution quality, fill rates, timing, or final prices.
The feature gives users access to emerging Solana tokens through a familiar app flow. Trading is available in USD or USDC pairs for customers. The portfolio page combines centralized exchange balances with on-chain assets in one view.
Kraken Warns Users About Solana Token and DEX Risks
The exchange warned that listed on-chain tokens have not been reviewed or approved by Kraken. Token prices can move sharply in short periods. Users may lose part or all of their investment.
Other risks include slippage, failed trades, and delays during network congestion. These issues can happen because execution depends on decentralized protocols and blockchain conditions. Kraken said self-custody also places more responsibility on customers.
Kamo Asatryan, Chief Data Officer of Payward and Global Head of Consumer, said the rollout focuses on access. He said buying, holding, and selling crypto should feel simple, even when the technology behind it is powerful. Kraken also said it plans to expand on-chain trading to more networks but gave no timeline.
The Solana rollout follows Kraken’s recent launch of US perpetual futures for eligible customers. That product is available through Kraken Pro and operates through Bitnomial, the derivatives platform Kraken recently acquired. The futures offering sits beside spot, margin, and traditional futures contracts in one account.
The latest move expands Kraken’s product range for retail crypto users. It adds mobile access to Solana tokens while keeping several market and custody risks with users. The update also links Kraken’s consumer app strategy with its wider push into regulated US trading products.
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