Kraken, one of many main cryptocurrency exchanges, has introduced plans to record 19 new tokens, together with a spread of in style meme cash, and to combine three extra blockchains.
This improvement has sparked optimism throughout the crypto business, with many anticipating a extra favorable atmosphere for token listings below the incoming Trump administration.
Kraken Plans to Record 19 Tokens and Combine 3 Blockchains
In line with its just lately printed tradeable asset roadmap, Kraken will add the Binance Sensible Chain, dYdX, and Arweave blockchains to its platform. Every integration will embrace help for the native tokens of those networks.
“Kraken lists BNB,” Binance founder Changpeng Zhao said.
Along with these three, Kraken plans to record 16 different tokens, primarily meme cash. A few of the notable additions embrace 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 via Kraken Professional’s account on X. The corporate warned that Depositing tokens prematurely may lead to losses.
Kraken’s deliberate token enlargement comes at a time when the alternate is navigating authorized challenges. The US Securities and Alternate 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 in opposition to these allegations.
Regardless of regulatory hurdles, crypto business stakeholders are optimistic that the incoming administration will ease restrictions on token listings. Many imagine President-elect Trump’s pro-crypto stance may pave the way in which for a extra supportive regulatory atmosphere. Expectations embrace a transparent regulatory framework, the potential institution of a Bitcoin reserve, and a departure from the SEC’s regulation-by-enforcement method.
Already, main US exchanges are capitalizing on the rising market optimism to broaden their token listings. Coinbase just lately listed PEPE and FLOKI, leveraging the continuing 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 various investor pursuits.
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