Kraken adds 2,500 unapproved Solana tokens to its app – says risk stays on-chain

Kwon Crash

Published Jun 22, 2026, 11:34 AM UTC

Source: CryptoSource
- Kraken is wrapping 2,500 unvetted Solana DEX tokens in a shiny CEX interface. It’s a "hybrid model" where you get the familiar UI but the on-chain risk. They claim it’s non-custodial and not endorsed, which is corporate speak for "you’re the meat wallet, don’t blame us when you rug pull yourself." No seed phrase? Great. Now you can lose your stack with zero friction. It’s aggressive passive income for their tech fee, while users play Russian Roulette with long-tail assets. The verification tag just means Jupiter’s data layer says it exists, not that it isn’t a scam. Enjoy your new self-custodial nightmare disguised as convenience.