Kraken is one of the major cryptocurrency exchanges, and has announced plans to list 19 new tokens, including the popular meme coin, and to integrate three additional blockchains.
This development has sparked an optimistic outlook across the cryptocurrency industry. Many are anticipating a more favorable environment for token listings under the incoming Trump administration.
Kraken to List 19 Tokens, Integrate 3 Blockchains
According to the recently published roadmap of tradable assets, Kraken plans to add the Binance Smart Chain, dYdX, and Arweave blockchains to its platform. Each integration will include support for the native tokens of these networks.
"Kraken is listing BNB." – Changpeng Zhao, Binance founder
In addition to these three, Kraken intends to list 16 other tokens, primarily meme coins. Notable additions include FWOG, TRUMP, NEIRO, DOGS, GOAT, PNUT, MOODENG, COW, and eight other tokens. These tokens already belong to blockchains integrated into Kraken's ecosystem.
However, the exchange has clearly stated that the listing plans are not guaranteed. Funding and trading for these tokens will only commence after the official announcement through Kraken Pro's X accounts. The company has warned that depositing tokens in advance could result in losses.
Kraken's planned token expansion comes as the exchange is resolving legal issues. The U.S. Securities and Exchange Commission (SEC) accused Kraken of operating an unregistered securities exchange and violating federal laws by offering staking services. The exchange is actively defending against these allegations.
Despite the regulatory hurdles, cryptocurrency industry stakeholders remain optimistic. They expect the incoming administration to relax regulations around token listings. Many believe that the president-elect's pro-crypto stance could create a more supportive regulatory environment. Expectations include a clear regulatory framework, potential establishment of Bitcoin reserves, and a departure from the SEC's enforcement approach.
Already, major U.S. exchanges are leveraging the optimistic market sentiment to expand their token listings. Coinbase recently listed PEPE and FLOKI, capitalizing on the ongoing meme coin trend.
Similarly, Robinhood has expanded its offerings to include XRP, Cardano, and Solana, which the SEC previously described as securities. These moves reflect the exchanges' efforts to capture market momentum and cater to the diverse interests of investors.
