Kraken Lists Pudgy Penguins (PENGU), Magic Eden (ME), and SIGMA for Live Trading

Popular US-based cryptocurrency exchange Kraken has announced the listing of Pudgy Penguins (PENGU), Magic Eden (ME), and SIGMA for live trading on its website.

Major US cryptocurrency exchange, Kraken, has announced the listing of Pudgy Penguins (PENGU), Magic Eden (ME), and SIGMA for live trading on its platform. In a recent post by the exchange on its official X account, these tokens will be available for live trading on January 28, 2025.

Following this announcement, users can add an asset to their Kraken account, proceed to the funding section, select their preferred asset, and click the deposit icon to complete the process.

A Brief Overview of PENGU, ME, and SIGMA

Pudgy Penguins (PENGU) is a cryptocurrency token that serves as the official coin for the Pudgy Penguins NFT project. Launched as an evolution of this popular NFT collection, PENGU embodies themes of universal appeal and community-driven culture, symbolizing the underdog in the crypto space. Pudgy Penguins has established itself as a significant presence within the cryptocurrency community, fostering one of the most influential groups in the industry.

On the other hand, Magic Eden (ME) is recognized as one of the top NFT marketplaces and Runes platforms. Magic Eden allows its users to buy, sell, and exchange NFTs and Ordinals. Magic Eden supports multiple blockchains, including Bitcoin, Ethereum, Solana, and Polygon. It has multi-chain features, allowing users to trade across various blockchains.

Lastly, coining its name from the “Sigma Male,” the Sigma coin has presented itself as an internet phenomenon that represents independent individuals who aren’t conformed to societal norms.

Kraken’s Legal Battles with SEC

While Kraken has listed these crypto tokens on its trading platform, the exchange has also been at the receiving end of a long battle with the Securities and Exchange Commission (SEC). The fight began in February 2023, when the SEC categorized Kraken’s service as an illegal sale of securities. However, the exchange agreed to a settlement to the tune of $30 million. The platform also ceased its staking services in the United States.

Subsequently, in November 2023, the SEC sued Kraken for allegedly operating as a securities exchange without registering as such. The regulatory body also accused Kraken of mixing customer funds with company funds.

Despite these ordeals, Kraken has grown from strength to strength. In 2023, the cryptocurrency exchange established a foothold in Europe after obtaining a virtual asset service provider license in Ireland, Italy, and Spain. Additionally, in 2024, Kraken released the “Kraken Wallet”, a wallet that supports up to eight blockchain networks.