Kraken Exchange Has Finally Listed Binance Coin (BNB) After Years of Resistance

In a surprising move to crypto traders, Kraken Exchange had not listed Binance Coin (BNB) until now.

Crypto traders were met with a surprising move by Kraken Exchange, as the exchange had yet to list Binance Coin (BNB) despite the exchange being founded in 2011.

Earlier on Thursday, Kraken Exchange announced that deposits and withdrawals of BNB are enabled ahead of the April 22 listing.

At the time of writing, Binance Coin is the fifth largest cryptocurrency by market capitalization, according to data from CoinGecko.

Kraken Exchange will list BNB for trading against the U.S. dollars, the EUR, USDC, and USDT. However, Kraken Exchange announced that geographical restrictions will be imposed where applicable.

The announcement sparked several reactions from the crypto community, with some expressing surprise that Kraken had not yet listed the token and Binance co-founder Changpeng Zhao saying that "BNB is a memecoin."

Top Reasons Why Kraken Listed BNB?

The listing of BNB at Kraken Exchange was a strategic move after years of the exchange existing.

On the top list, BNB has obtained significant regulatory clarity in the past few years, specifically in the United States.

Also, the Trump administration expanded Kraken Exchange’s services offering to compete with other similar firms.

The adoption of BNB has grown to new highs in the past few years, which was largely driven by the Binance exchange.

What’s more, the exponential rise in on-chain activity for the BNB chain has helped burn over 60 million tokens, which at today’s prices would be valued at over $34 billion.

Midterm Expectations

Since the beginning of 2025, BNB price has closely followed Bitcoin price action. The large-cap altcoin, which has a fully diluted valuation of about $86 billion and a 24-hour average trading volume of about $526 million, has shown significant market resilience amid the ongoing global trade war.

In the daily timeframe, BNB price has been forming a potential reversal pattern since the second inauguration of Trump. Notably, BNB price has established a robust support level above $520, which is a crucial zone to watch out for.

In addition to the price support, there is also a bullish divergence of the Relative Strength Index (RSI), which is a momentum indicator. The RSI has been making higher lows despite the price action, which suggests that the selling pressure is decreasing.