Kraken Adds On-Chain DEX Trading for 2,500+ Solana Tokens in Main App

Kraken added direct on-chain trading for nearly 2,500 Solana-based tokens inside its main mobile app, allowing eligible users to access decentralized exchange liquidity without leaving the centralized platform interface. The feature aims to lower the barrier between traditional exchange users and Solana DEX markets by eliminating the need for separate wallet setup, fund bridging, and manual seed phrase management. Centralized exchanges are increasingly positioning themselves as gateways to decentralized markets rather than pure order-book venues, with Kraken's integration representing a step toward making on-chain token access feel less intimidating for mainstream users.

Kraken Integrates Privy Embedded Wallet Technology for Self-Custodial Trading

The technical foundation of Kraken's on-chain trading feature relies on Privy's embedded wallet software, which creates a self-custodial setup without requiring users to complete manual wallet onboarding processes. Eligible users in the US and more than 100 countries can trade Solana-based tokens using USD or USDC. Kraken says supported assets appear inside the standard app portfolio, maintaining the familiar exchange interface while executing transactions on-chain. Kamo Asatryan, Global Head of Consumer at Payward, said buying, holding and selling crypto should feel simple even when the underlying technology is powerful.

Solana Token Market Gains Centralized Exchange Access Point

Solana has become a major platform for retail token launches, meme coins and fast-moving DEX activity. Kraken's integration addresses friction points that keep centralized exchange users from participating in Solana on-chain markets, including concerns about self-custody, wallet approvals and DEX execution. The company says the feature provides access to nearly 2,500 verified Solana-based tokens. Users interact with on-chain assets, meaning token volatility, liquidity quality, execution risk and smart contract exposure remain present despite the simplified app interface.

FAQ

How many Solana tokens can users trade through Kraken's new on-chain feature?

Kraken says eligible users can trade nearly 2,500 verified Solana-based tokens using USD or USDC through the on-chain trading feature integrated into its main mobile app.

What technology does Kraken use to enable self-custodial trading in its app?

Kraken's on-chain trading feature relies on Privy's embedded wallet technology, which helps create a self-custodial setup without forcing users through the full manual wallet onboarding process.

Which countries have access to Kraken's Solana on-chain trading feature?

Kraken says the on-chain trading feature is available to eligible users in the US and more than 100 countries.