DEX lets you buy and sell tokens that aren't listed on the Kraken exchange — directly from the Kraken App. It's an embedded experience that gives you access to long-tail and newly launched tokens on decentralized exchanges (DEXs), using your existing Kraken balance, without having to worry about bridging, gas fees, or external wallet connections.
DEX tokens are currently supported on Solana and Robinhood Chain. Every supported network works the same way in the app: same search, same buy and sell flow, same portfolio view. Tokens show a chain badge so you always know which network an asset lives on. Each token is available on exactly one chain, so you won't see duplicate listings. More networks may be added over time.
Your DEX wallet and your regular Kraken account are different in nature. DEX tokens are self-custodial, held in an embedded wallet powered by Privy where Kraken does not control your private keys and trade against decentralized liquidity pools. DEX tokens are not listed on, custodied by, or reviewed by Kraken. The Kraken App keeps the two clearly separated and labelled throughout, so you always know which type of asset you're looking at. Only market orders are supported.
DEX is currently available to selected users in the US and other eligible countries with more geos available in the future.
DEX is an app-only feature. You can only view your DEX balances on Kraken Web.
No wallet setup is required. The first time you place a DEX order, a non-custodial wallet is created for you automatically and is reused for all subsequent orders — you do not manage seed phrases, keys, or gas fees. Before your first DEX order, you'll be asked to review and accept a separate set of Terms of Service that applies specifically to DEX, in addition to your existing Kraken Terms.
Yes. DEX is only available to verified Kraken users. If you haven't completed identity verification yet, you'll be prompted to do so before you can place a trade.
Open the Kraken App and select the DEX token you want to buy. DEX tokens are distinguishable from Kraken-listed tokens via a small network icon on the bottom right hand corner, or via the DEX labelling on the asset page. Tap Buy and enter the amount. The order summary shows the estimated tokens you'll receive, total fees, and the guaranteed minimum amount before you confirm. When you tap Buy, you are giving a single instruction that authorizes both the order and the associated movement of funds between your Kraken balance and your DEX wallet. Orders will typically settle in less than a minute.
