Kraken lists 2,500+ Solana tokens in app; risks remain on-chain
Kraken added access to more than 2,500 Solana tokens in its main app for eligible users in the U.S. and 100+ countries, warning custody and execution remain on-chain and tokens are not reviewed.
On June 18, Kraken launched in-app access to more than 2,500 Solana-based tokens for eligible users in the U.S. and over 100 countries. Trades execute on Solana decentralized exchanges while assets remain outside Kraken’s formal listing process and custody stays on-chain.
The trading flow keeps users inside the main Kraken app. Users can buy and sell supported tokens using USD or USDC. Kraken’s product pages and FAQ state DEX purchases use USDC mechanics, typical settlement takes under a minute, a 1% technology fee applies and a slippage cap is set at 3%.
The feature uses embedded wallets from Privy that Kraken describes as self-custodial, Jupiter for price quotes and token routing, and Solana DEX protocols for execution. The setup removes the need for a separate wallet, seed phrase backup, bridge or app switch before a trade. Holdings from DEX trades are shown in the Kraken portfolio view while execution and custody remain on-chain.
Kraken and Jupiter assign a “Verified” tag to some tokens. The verification indicates token metadata, discovery status and data-layer liquidity signals, not an exchange listing, custody review or endorsement. Kraken’s product documentation links to Jupiter’s VRFD token list and related documentation for details on verification criteria.
Kraken’s support materials note that DEX execution depends on liquidity, slippage and market routing, and that token availability through the new flow does not imply review, approval or endorsement. The company places responsibility for assessing token quality, team credibility, token distribution and demand on users.
The rollout is limited to Solana and USDC rails. Solana provides high throughput and lower transaction costs that support large token lists and fast settlement. USDC supplies the dollar-denominated unit used for DEX routing; Kraken’s launch materials list trades in USD or USDC while clarifying that routing uses USDC mechanics.
Eligible users in the U.S. and more than 100 countries can access the feature at launch. Kraken’s documentation details settlement speed, fees, slippage controls and the non-custodial wallet setup for users who choose to trade these Solana tokens.
Articles by this author
