Venue comparison · checked 2026-10-20
Kraken vs Ondo Global Markets
Kraken resells Backed / xStocks tokens; Ondo Global Markets distributes Ondo Global Markets tokens. They overlap on 50 tickers in this index — 56 tokens at Kraken, 380 at Ondo Global Markets. The two headline fees (0% when buying with USD and Not published — inside the quote) are not directly comparable, because both venues keep part of the cost inside the quoted price without publishing its size.
| Attribute | Kraken | Ondo Global Markets |
|---|---|---|
| Trading fee | 0% when buying with USD | Not published — inside the quote |
| Conversion / funding | Standard Instant Buy fees apply when funding with anything other than USD | USDC ↔ USDon 1:1 via the platform swapper, subject to swapper liquidity |
| Cost inside the price | Yes — size not published | Yes — size not published |
| Minimum ticket | €1 | $1.00 |
| Settlement | USD balance on Kraken; tokens are withdrawable to a self-custody wallet | USDon (Ondo's stablecoin), redeemable 1:1 to USDC |
| Issuer | Backed / xStocks | Ondo Global Markets |
| Issuer jurisdiction | Jersey | British Virgin Islands |
| Access | Kraken retail account; availability depends on the client's jurisdiction | KYC on the Ondo Stocks platform; US, Canada and other listed jurisdictions excluded |
| Tokens indexed | 56 | 380 |
| Shared tickers | 50 | |
| Venue's own wording | “Beim Kauf von xStocks mit USD auf Kraken fallen keine Trading-Gebühren an. Beim Kauf von xStocks mit anderen Assets fallen die üblichen Instant-Buy-Trading-Gebühren an. Um einen Pr...” source | “any difference and any fees being retained by Ondo Stocks. Investors are responsible for their own gas costs.” source |
Tickers both carry (50)
Both pages carry the venue's verbatim sentence and the date it was read. Fees change; a page without a date is worthless. Method.