Kraken Eyes Token Expansion as Trump Promises Crypto Support
Kraken, one of the leading cryptocurrency exchanges, has announced plans to list 19 new coins, including a range of popular meme coins, and integrate three additional blockchains.
The development has sparked optimism across the cryptocurrency industry, with many anticipating a more favorable environment for token listings under the incoming Trump administration.
Kraken plans to list 19 tokens and integrate 3 blockchains
According to its recently announced tradable assets roadmapKraken will be added Binance Smart ChaindYdX and Arweave blockchain to its platform. Each integration will include support for these networks’ native tokens.
“Kraken launches BNB”, Changpeng Zhao, founder of Binance point out.
In addition to these three, Kraken plans to list 16 other coins, mainly Meme Coin. Some notable additions include FWOG, TRUMP, NEIRO, DOGS, GOAT, PNUT, MOODENG, and COW as well as eight others. These tokens belong to the blockchain that has been integrated into Kraken’s Ecosystem.
However, the exchange clarified that it does not guarantee listing plans. Financing and trading of these tokens will only begin once officially announced via an account on Kraken Pro X. The company warned that depositing coins too early could result in losses.
Kraken’s planned token expansion comes as the exchange is dealing with legal challenges. The U.S. Securities and Exchange Commission (SEC) accused Kraken of operating an unregistered securities exchange and providing staking services in violation of federal law. Communication has been Actively defend yourself against these charges.
Despite regulatory hurdles, Crypto industry stakeholders are optimistic The incoming government will relax restrictions on token listings. many people believe President-elect Trump’s Pro-Cryptocurrency Stance could pave the way for a more supportive regulatory environment. Expectations include clear regulatory framework, possible establishment of Bitcoin reserves, and deviation from Bitcoin rules SEC’s Enforcement and Supervision Approach.
already, Major U.S. exchanges is taking advantage of growing market optimism to expand its token listing. Coinbase recently launched PEPE and FLOKI, capitalizing on the ongoing meme token trend.
Likewise, Robinhood expanded its offerings by adding tokens previously described by the SEC Securities – XRP, Cardano and Solana. The moves reflect broader efforts by the exchange to capture market momentum and cater to diverse investor interests.
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