Kraken Adds 2,500+ Solana Tokens to Main App

On June 18 Kraken announced it added more than 2,500 Solana-based tokens to its main app. The company said eligible users in the U.S. and over 100 countries can trade these tokens from the Kraken interface, but that the tokens have not been reviewed, approved or endorsed by the exchange.

Kraken described the trading flow as allowing users to buy and sell supported Solana decentralized exchange tokens using USD or USDC. The firm said on-chain holdings will appear in the Kraken portfolio view, typical settlement takes under a minute, and the platform will charge a 1% technology fee. Kraken’s product pages list a 3% slippage cap and state that quotes will be routed through Jupiter, a Solana DEX aggregator.

Trades execute on Solana DEX protocols and use an embedded wallet solution from Privy. Kraken said users do not need to create a separate wallet, manage a seed phrase, use a bridge or switch apps to trade. Privy describes the embedded wallets as self-custodial, meaning users retain control of private keys inside the app environment while DEX routing and Jupiter token data run beneath the Kraken interface.

Kraken repeated that the tokens available through this feature are outside the exchange’s normal listing process. The company explained the app’s “Verified” tag refers to token metadata and discovery signals from Jupiter’s VRFD token list, not to Kraken listing approval, custody review, legal vetting or investment assessment.

Kraken’s support and product pages list safeguards intended to limit execution risk, including the slippage cap and routing through Jupiter to improve price discovery. The pages also note that aspects such as team credibility, token distribution, demand and the durability of liquidity are not vetted by Kraken and remain on-chain matters for traders to assess.

Kraken said it started with Solana and USDC because Solana offers high throughput and low fees and USDC provides a dollar-denominated trading asset commonly used across exchanges and DeFi. From the user view, balances and portfolio entries for these tokens appear alongside other Kraken assets and fiat rails via USD or USDC.