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Cryptocurrency News Articles

Kraken Reveals Plans to List 19 Tokens, Including BNB, DYDX, and Meme Coins Like DOGS and GOAT

Nov 23, 2024 at 07:54 pm

Kraken, the second-largest U.S.-based crypto exchange, revealed plans to potentially list 19 tokens, including notable assets such as BNB, DYDX, and meme coins

Kraken Reveals Plans to List 19 Tokens, Including BNB, DYDX, and Meme Coins Like DOGS and GOAT

Kraken, the second-largest U.S.-based crypto exchange, revealed plans to potentially list 19 tokens, ranging from major assets like BNB, DYDX to meme coins like DOGS and GOAT.

The exchange listed these tokens on its official website, marking them as part of its upcoming tradable asset roadmap. As part of this move, Kraken will integrate several new blockchains to support these tokens.

Full List of Tokens and Key Integrations

Interestingly, this includes the BNB Smart Chain for the BNB token, the dYdX decentralized exchange platform for the DYDX token, and the Arweave blockchain for the AR token.

On the other hand, Kraken noted that the listing of new tokens on previously integrated blockchains will see meme coins like FWOG, TRUMP, NEIRO, DOGS, GOAT, PNUT, MOODENG, COW, and eight others trading on the exchange.

However, Kraken clarified that inclusion on the roadmap does not guarantee a listing. The exchange highlighted that trading and funding for these tokens will only be supported after a formal announcement from Kraken Pro X. Moreover, users were advised against depositing these tokens prematurely, as this could result in lost funds.

U.S. Exchanges Shift Toward Broader Token Listings

This move by Kraken comes as several U.S.-based exchanges, like Coinbase and Robinhood, are shifting toward listing a broader range of tokens.

Last week, Coinbase added popular meme coins PEPE and FLOKI, even though these tokens have been present in the crypto market for years. In another development, Robinhood enabled the trading of prominent tokens like XRP, Cardano (ADA), and Solana (SOL) for the first time last week.

This change in approach by U.S. exchanges is reportedly influenced by the incoming Donald Trump administration’s pro-crypto stance. Some believe that regulations around coin listings may become more relaxed under this administration, easing restrictions that have historically made the listing process difficult.

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