DEX trading 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 trading is currently supported on the Solana blockchain via Jupiter. Users may trade tokens from Jupiter's VRFD token list — a curated set of assets that have met Jupiter's DEX verification standards (legitimate metadata, sufficient liquidity, no obvious red flags). Kraken does not evaluate individual DEX tokens for suitability, regulatory status, investment merit, or quality. Additional chains may be added in the future based on demand.
Inclusion on the Jupiter verified list is not an endorsement, recommendation, due-diligence assessment, or any form of securities or legal review by Kraken. Always do your own research before trading.
DEX trading 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. DEX trades are market orders only.
DEX trading is currently available to selected users in Egypt, Panama, Peru, Dominican Republic, and Mexico, with more geos available in the future.
DEX trading 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 trade, a non-custodial wallet is created for you automatically and is reused for all subsequent trades — you do not manage seed phrases, keys, or gas fees. Before your first DEX trade, you'll be asked to review and accept a separate set of Terms of Service that applies specifically to DEX trading, in addition to your existing Kraken Terms.
Yes. DEX trading 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 trade. DEX tokens are distinguishable from Kraken-listed tokens via a small icon on the bottom right hand side, 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 trade and the associated movement of funds between your Kraken balance and your DEX wallet. Trades will typically settle in less than a minute.
