Kraken has added on-chain Solana token trading to its mobile app, allowing users in the United States and more than 100 countries to trade nearly 2,500 Solana-based tokens without opening a separate wallet.
The crypto exchange said the feature connects its mobile experience with Solana decentralized exchange protocols. It uses embedded wallet infrastructure from Privy, enabling users to access on-chain markets while viewing those holdings beside existing centralized exchange balances.
Kraken Brings Solana DEX Access To App
The service allows customers to buy and sell supported Solana tokens using USD or USDC. Trades are routed through third-party decentralized exchange protocols, while users manage activity from Kraken’s mobile app.
Kraken said the feature is designed to reduce technical friction for customers seeking access to tokens not listed on centralized exchanges. Many Solana tokens begin trading on-chain before gaining wider market access, and users often need separate wallets, seed phrases, bridges, and gas management to reach them.
This supports access without a separate wallet setup. On-chain assets appear in the same portfolio view as centralized exchange balances, giving customers one place to monitor their positions.
Kraken Uses Privy Embedded Wallet Technology
Kraken said it does not hold users’ private keys or custody the on-chain assets accessed through the service. The exchange described its role as providing the interface, while transaction execution depends on external decentralized exchange protocols.
Kraken also said it does not control execution, order fill timing, or price for those trades. The structure keeps activity tied to on-chain markets, even though customers reach those markets through the Kraken app.
“Buying, holding, and selling crypto should feel simple, even when the technology behind it is powerful,” said Kamo Asatryan, Chief Data Officer of Payward and Global Head of Consumer, in the blog post. “No one should feel intimidated by bridges, gas fees, or other technical barriers to using on-chain markets.”
Kraken Warns Users On Token Risks
Kraken stressed that users should approach the new feature with caution. The exchange said tokens available through the DEX integration have not been reviewed or approved by Kraken.
It also said token availability should not be viewed as an endorsement or investment recommendation. The company warned that prices may be highly volatile and that users may lose their entire investment.
Kraken also noted that the feature is not classified as a regulated financial product. Solana is the first supported network for the tap-and-trade service, and the exchange said additional blockchains are planned over time.
The launch places Kraken among centralized exchanges, expanding access to on-chain markets through apps. Coinbase has also developed on-chain and wallet products as exchange users seek direct access to decentralized trading.
