Kraken just put 2,500 Solana tokens within one tap for its users

Kraken Brings On-Chain Trading Inside Its App

@krakenfx has embedded decentralized exchange access directly into its mobile app, a move that puts nearly 2,500 Solana-based tokens within reach of eligible users across the United States and more than 100 other countries. Nearly 2,500 verified Solana tokens are available at launch, including early-stage assets not yet listed on any centralized exchange.

The integration removes what has historically been one of the biggest barriers to on-chain trading. Until now, accessing those markets meant setting up a separate hot or cold wallet, creating and managing seed phrases, bridging assets, and handling gas fees. Kraken's new feature eliminates each of those steps. When a user places their first DEX trade, a personal, non-custodial wallet is created in the background, with no app to download, no seed phrase to manage, and the user's Kraken login as the only access path needed.

On-chain holdings appear alongside existing Kraken portfolio assets. That unified view is central to the product's pitch: users get exposure to early-stage Solana tokens without leaving the familiar Kraken interface or managing separate accounts.

How It Works Under the Hood

The underlying infrastructure is powered by @privy_io's embedded wallet technology and leading @solana DEX protocols, working behind the scenes. DEX prices are quoted live from Jupiter, the leading Solana DEX aggregator, which routes trades across multiple liquidity pools to find the best available price.

Each trade carries a 1% Kraken technology fee, a flat platform-access fee for using the DEX trading service. In addition, a Solana network fee applies, typically less than $0.01 per transaction. DEX trading currently uses market orders only, with slippage tolerance set automatically at 3%.

On custody, the arrangement is self-directed. On-chain trading is self-custodial: Kraken does not hold users' assets or private keys. While Kraken provides the gateway into the on-chain ecosystem, the tokens available via the DEX have not been reviewed or approved by Kraken, and transactions are executed by third-party protocols.

Kraken says it is starting with the Solana ecosystem and plans to expand support to additional networks over time.

Sources:
Kraken Blog: On-chain token trading is now built into the Kraken app
Kraken Support: DEX Trading FAQ