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Kraken Widely Lists Token Amid Trump Wave

November 23, 2024
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Kraken, one of the leading cryptocurrency exchanges, has announced plans to list 19 new Tokens, including many famous Meme Coin Coins, and integrate three more blockchains.

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This development has sparked optimism in the cryptocurrency industry, with expectations of a more favorable environment for token listings under the incoming Trump administration.

Kraken Plans to List 19 Tokens and Integrate 3 Blockchains

According to the newly announced commercial property roadmap routeKraken will add Binance Smart Chain, dYdX, and Arweave platforms to its system. Each of these integrations will include support for each of these networks’ native tokens.

“Kraken lists BNB,” said Binance founder Changpeng Zhao. stated.

Besides these three Tokens, Kraken plans to list 16 other Tokens, mainly Meme Coin Coins. Some notable additions include FWOG, TRUMP, NEIRO, DOGS, GOAT, PNUT, MOODENG and COW, along with 8 other Tokens. These Tokens belong to blockchains already integrated in Kraken’s ecosystem.

Kraken's Token Listing Roadmap.
Kraken’s Token Listing Roadmap. Source: Kraken

However, the exchange has clarified that listing plans are not guaranteed. Funding and trading for these Tokens will only begin after an official announcement through Kraken’s Pro account on X. The company warns that depositing Tokens in advance may result in losses.

Kraken’s Token expansion plan comes at a time when the exchange is facing legal challenges. The US Securities and Exchange Commission (SEC) has charged Kraken for operating an unregistered securities exchange and providing staking services in violation of federal law. The exchange has actively defended itself against these allegations.

Despite facing regulatory hurdles, crypto industry stakeholders are optimistic that the new administration will ease restrictions on token listings. Many believe that President-elect Trump’s pro-crypto stance could pave the way for a more supportive regulatory environment. Expectations include a clear regulatory framework, the possibility of establishing a Bitcoin reserve, and a move away from the SEC’s regulatory-by-enforcement approach.

Already, major US exchanges are capitalizing on growing market optimism to expand their token listings. Coinbase recently listed PEPE and FLOKI, capitalizing on the ongoing meme coin trend.

Similarly, Robinhood has expanded its products by adding tokens that the SEC once described as securities — XRP, Cardano, and Solana. These moves reflect broader efforts by exchanges to capture market momentum and serve diverse investor interests.

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