Kraken, one of the leading cryptocurrency exchanges, has announced plans to list 19 new tokens, including many famous meme coins, and integrate three additional blockchains.
This development has sparked optimism in the cryptocurrency industry, with expectations for a more favorable environment for token listings under the upcoming Trump administration.
Kraken Plans to List 19 Tokens and Integrate 3 Blockchains
According to the recently announced commercial asset roadmap, Kraken will add the Binance Smart Chain platform, dYdX, and Arweave to its system. Each of these integrations will include support for the native tokens of each of these networks.
“Kraken lists BNB,” said Binance founder, Changpeng Zhao.
In addition to these three tokens, Kraken is expected to list 16 other tokens, mainly meme coins. Notable additions include FWOG, TRUMP, NEIRO, DOGS, GOAT, PNUT, MOODENG, and COW, along with 8 other tokens. These tokens are from blockchains already integrated into Kraken's ecosystem.
Kraken's Token Listing Roadmap. Source: Kraken
However, the exchange has clarified that the listing plans are not guaranteed. Funding and trading for these tokens will only begin after an official announcement through Kraken's Pro account on X. The company warns that submitting tokens early may lead to losses.
Kraken's token expansion plan comes at a time when the exchange is facing legal challenges. The US Securities and Exchange Commission (SEC) has accused Kraken of operating an unregistered securities exchange and providing staking services that violate federal law. The exchange has actively defended itself against these allegations.
Despite facing legal hurdles, stakeholders in the cryptocurrency industry are optimistic that the new administration will loosen restrictions on token listings. Many believe that the pro-crypto stance of President-elect Trump could pave the way for a more supportive legal environment. Expectations include a clear legal framework, the ability to establish a Bitcoin reserve fund, and a departure from the SEC's enforcement-based regulatory approach.
Indeed, major US exchanges are taking advantage of the increasing market optimism to expand their token listings. Coinbase recently listed PEPE and FLOKI, capitalizing on the ongoing meme coin trend.
Similarly, Robinhood has expanded its products by adding tokens that the SEC once described as securities — XRP, Cardano, and Solana. These moves reflect the broader efforts of exchanges to capture market growth and serve the diverse interests of investors.
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