Kraken is launching onchain DEX trading on Thursday to give customers access to thousands of tokens across the Solana ecosystem through the exchange’s main mobile app. In time, Kraken plans to expand its DEX offerings to include additional ecosystems.
"By integrating DEX functionality directly into its core app, Kraken is making early-stage token markets more accessible without requiring users to leave a familiar environment or manage separate tooling," an announcement shared with The Block reads.
This launch will be supported by Kraken’s embedded wallet infrastructure from Privy, as well as "leading Solana DEX protocols." The announcement notes any DEX-based assets will "appear alongside existing assets within the Kraken portfolio view" and can be traded via Kraken’s "standard buy and sell interface."
Users will be able to purchase these DEX-based assets using their USD or USDC balances.
Total DEX trading hit a peak in mid-2025 before coming down to more historically normal volumes in recent months. The ratio between DEX and CEX spot crypto trading stands today at about 13.25%, down from an all-time high of 21.75% in June 2025, according to The Block’s data.
