Despite Not Listing Binance Coin (BNB) Until Now, Kraken Exchange Had Enabled Deposits and Withdrawals of the Token Earlier on Thursday

In a surprising move to crypto traders, Kraken Exchange had not listed Binance Coin (BNB) until now. Earlier on Thursday, Kraken Exchange announced that deposits and withdrawals of BNB are enabled ahead of the April 22 listing.

Kraken Exchange has finally listed Binance Coin (BNB), drawing varied reactions from the crypto community.

Despite being the fifth largest crypto asset by market cap, BNB had not yet been listed on Kraken, a fact that surprised some.

"Still no BNB on Kraken?" one user asked on X, to which another replied, "It's unbelievable that it's taken this long."

After the news broke that Kraken would be listing BNB, Binance CEO Changpeng Zhao joined in on the fun, saying that "BNB is a memecoin."

Why Is It Surprising That Kraken Is Listing BNB Now?

The listing of BNB at Kraken is strategic.

Firstly, BNB has gained significant regulatory clarity in the past few years, led by the United States.

Secondly, Kraken Exchange has been expanding its services offering to compete with other similar firms.

The adoption of BNB has also grown massively in the past few years, bolstered by the Binance exchange.

Moreover, the rising on-chain activity for the BNB chain has helped burn over 60 million tokens worth over $34 billion.

Midterm Expectations

Since the beginning of 2025, BNB price has closely followed Bitcoin price action.

The large-cap altcoin, with 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, coupled with a bullish divergence of the Relative Strength Index (RSI).