Kraken adds 2,500 unapproved Solana tokens to its app – says risk stays on-chain
Kraken now lets eligible users in the US and 100+ countries trade more than 2,500 Solana-based tokens inside the main app. The flow removes separate wallet setup, seed phrases, bridging, and app switching by using embedded wallets, Jupiter quotes, Solana DEX protocols, and a slippage cap. Users can trade with USD or USDC, and holdings appear in the Kraken portfolio view. The key boundary is that these tokens are not Kraken-listed assets: Kraken says they were not reviewed, approved, or endorsed through its normal listing process. “Verified” signals token metadata and discovery, not exchange approval or due diligence. The feature creates a hybrid model: centralized exchange UX on top, on-chain execution underneath. It may expand access to early-stage Solana tokens, but it also risks making DEX and token-quality risks feel safer than they are.
