Kraken Now Lets You Trade the S&P 500 With Their Money — Here's What That Means for Crypto Exchanges

WHY IT MATTERS

Imagine you want to trade stocks but don't have a lot of money to invest. A prop trading program is like a company saying, 'Here, use our money to trade — if you make a profit, we'll split it with you.' Kraken, one of the biggest cryptocurrency exchanges (think of it as an app where people buy and sell Bitcoin and other digital currencies), is now offering this for the S&P 500 — which is basically a list of the 500 biggest companies in America, like Apple and Amazon. This is a big deal because it shows crypto companies are expanding beyond just crypto and trying to become one-stop shops for all kinds of trading. It could mean that in the future, the line between 'crypto platforms' and 'stock trading platforms' might disappear entirely.