The Kraken exchange is considering offering stocks to customers alongside digital assets and NFTs. This was revealed by CEO Jess Powell in a conversation with Decrypt.

According to Powell, cryptocurrency brokers are moving towards creating “super wallets” that will allow consumers to transact with all assets, including traditional ones.

“You will find all these exchanges combined in a similar feature set, a kind of super wallet, a versatile product application with NFTs, spot and FX markets, perhaps stock trading, and even more extreme cryptocurrency variations. “We already said we were working on stocks, and I think it makes sense to do that.”

Powell noted that competition in the crypto industry has intensified as many new players enter the market. But he doesn’t believe this will affect Kraken’s transaction fees, which is the company’s biggest source of revenue.

The head of the exchange stressed that many customers are “relatively insensitive” to fees, and so “in the end, it all comes down to UX and the ability to do what you want in a single app.”

Recall that in May Kraken opened an entry on the waiting list of its own NFT market.