Kraken’s xStocks surpasses $25 billion in total transaction volume
The milestone includes more than $3.5 billion in onchain activity from over 80,000 unique onchain holders.
The milestone includes more than $3.5 billion in onchain activity from over 80,000 unique onchain holders.
Until now, xStocks were tradable on Kraken Pro 24 hours a day, five days a week.
The acquisition by Kraken gives Backed access to the capital and resources needed to scale faster and capitalize on surging adoption.
Each xStock is fully backed 1:1 by its underlying equity or ETF, held by a licensed custodian in a bankruptcy-remote structure.