Kraken, one of many main cryptocurrency exchanges, has introduced plans to checklist 19 new tokens, together with a variety of common meme cash, and to combine three extra blockchains.
This growth has sparked optimism throughout the crypto trade, with many anticipating a extra favorable atmosphere for token listings underneath the incoming Trump administration.
Kraken Plans to Record 19 Tokens and Combine 3 Blockchains
In accordance with its just lately revealed tradeable asset roadmap, Kraken will add the Binance Sensible Chain, dYdX, and Arweave blockchains to its platform. Every integration will embody assist for the native tokens of those networks.
“Kraken lists BNB,” Binance founder Changpeng Zhao said.
Along with these three, Kraken plans to checklist 16 different tokens, primarily meme cash. A few of the notable additions embody FWOG, TRUMP, NEIRO, DOGS, GOAT, PNUT, MOODENG, and COW, alongside eight others. These tokens belong to blockchains already built-in into Kraken’s ecosystem.
Nevertheless, the alternate clarified that itemizing plans aren’t assured. Funding and buying and selling for these tokens will solely start after an official announcement by means of Kraken Professional’s account on X. The corporate warned that Depositing tokens prematurely might end in losses.
Kraken’s deliberate token growth comes at a time when the alternate is navigating authorized challenges. The US Securities and Change Fee (SEC) has accused Kraken of working an unregistered securities alternate and providing staking companies in violation of federal legal guidelines. The alternate has been actively defending itself towards these allegations.
Regardless of regulatory hurdles, crypto trade stakeholders are optimistic that the incoming administration will ease restrictions on token listings. Many imagine President-elect Trump’s pro-crypto stance might pave the best way for a extra supportive regulatory atmosphere. Expectations embody a transparent regulatory framework, the potential institution of a Bitcoin reserve, and a departure from the SEC’s regulation-by-enforcement strategy.
Already, main US exchanges are capitalizing on the rising market optimism to increase their token listings. Coinbase just lately listed PEPE and FLOKI, leveraging the continued meme coin development.
Equally, Robinhood expanded its choices by including tokens that the SEC beforehand described as securities — XRP, Cardano, and Solana. These strikes mirror a broader effort by exchanges to seize market momentum and cater to numerous investor pursuits.
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