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- Kraken Exchange will begin BNB trading on April 22, ending years of exclusion from the major altcoin.
- BNB will be listed against USD, EUR, USDC, and USDT, but with regional trading restrictions applied.
- The listing follows BNB’s growing regulatory clarity and over $34 billion in token burns on the BNB Chain.
Kraken Exchange provided crypto users with full access to Binance Coin (BNB) deposits and withdrawals through its platform before launching trading for the coin on April 22. The platform provides trading opportunities to exchange BNB against the USD, EUR, USDC, and USDT.
The news has generated significant feedback from traders who found it surprising that Kraken failed to add BNB to its previous listings. The Binance cofounder Changpeng Zhao minimized the announcement by calling BNB a “memecoin.”
BNB is the fifth-most valuable cryptocurrency based on market capitalization. Kraken’s listing of the BNB token signifies an important new direction for the exchange regarding major altcoins. Kraken implemented this addition while struggling to achieve better positioning against crypto trading competitors.
Strategic Factors Behind Kraken’s Decision to List BNB
The listing represents one element in Kraken’s extended plan to connect with assets that display active market performance and advanced regulatory developments. BNB has gained significant regulatory approval throughout the past few years, especially in the United States. BNB’s regulatory progress likely led Kraken to initiate its listing process.
Moreover, the growing adoption of BNB has played a crucial role. The token is widely used across the Binance ecosystem and supported by rising on-chain activity within the BNB Chain. Around $34 billion worth of BNB tokens have experienced destruction through burn processes, resulting in more than 60 million coins being eliminated from circulation.
Kraken undertakes this strategic action during its ongoing service expansion within the American administration. The platform continues to develop new market offerings to compete against prominent industry competitors. The integration of BNB operates as a key component within the broader organizational growth plan.
Kraken explained that after the listing, users must comply with geographic restrictions due to local regulatory limitations. Standard procedures dictate that global crypto exchanges operate under these terms.
Since early 2025, BNB has displayed market patterns that closely track Bitcoin’s movements. BNB’s total market capitalization is currently approximately $86 billion. Due to continuous investor commitment, the cryptocurrency exchange achieves around $526 million in daily trading volume.
Source:Tradingview
The price of BNB has sustained its support levels above $520 during recent market sessions. The Relative Strength Index (RSI) reveals a bullish pattern through divergence technical indicators, which indicates potential price trend reversal. The distinctive price movement started its formation in the weeks leading up to Donald Trump’s second presidential term oath.
Kraken brought BNB onto its platform as part of a strategic move to add essential marketplace tokens following an extended period of market restriction. Because of its growing adoption and enhanced regulatory stability, BNB achieves the necessary conditions for Kraken’s evolving token listing requirements. The BNB listing will elevate BNB’s market exposure as it expands Kraken’s trading asset base.
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