Kraken Pro adds 24/7 trading for top xStocks (TSLAx, AAPLx, NVDAx, SPYx)
Kraken Pro has expanded trading hours for tokenized equities (xStocks) to 24/7 for professional customers in eligible jurisdictions. Phase one enables continuous trading for 10 of the most liquid xStocks: TSLAx, QQQx, SPYx, NVDAx, CRCLx, AAPLx, HOODx, MSTRx, GLDx and GOOGLx. Previously available 24 hours a day, five days a week, the move lets traders execute strategies, manage risk and react to global events at any time, including weekends and holidays. Kraken highlights institutional-grade execution, deep liquidity and on-chain settlement for xStocks, issued by Backed Assets (JE) Limited and offered via Payward Digital Solutions Ltd. xStocks are not registered with local securities regulators and are not available to U.S. persons; geo restrictions and regulatory disclosures apply. Traders should consider risks — prices can fall as well as rise — and consult tax or investment advisors as needed.
Neutral
Extending xStocks to 24/7 trading is primarily a product and access development rather than a market-moving fundamental. For traders it improves execution windows and risk management — especially for strategies sensitive to off-hours events — and may increase trading volume and liquidity in the listed tokenized equities over time. However, it does not change the underlying fundamentals of the equities themselves, nor does it alter regulatory status; xStocks remain non-registered tokenized exposures with geo restrictions. Short-term effects: modest increase in volume and volatility for listed xStocks during previously off-market hours as traders begin to test 24/7 liquidity. Market makers and arbitrageurs may tighten spreads and improve depth, benefiting traders. Long-term effects: gradual maturation of tokenized equity markets, improved continuous price discovery and potentially higher adoption by international traders, which could enhance liquidity and reduce trading friction. Risks include regulatory scrutiny, limited investor protection in some jurisdictions, and potential liquidity concentration in a small set of popular xStocks. Similar events: exchanges listing extended-hours products or crypto derivative venues moving to 24/7 resulted in initial volume spikes and narrowed spreads, but did not by themselves create lasting bullish or bearish trends for underlying assets. Overall impact on crypto markets is limited; the change mostly affects tokenized-equity trading behavior on Kraken Pro.