Kraken, one of the world’s biggest crypto exchanges, has unveiled its latest roadmap, listing 19 new tokens. The exchange currently lists over 300 tokens, and based on its recent press release, it’s ready to add more, subject to fewer restrictions. Kraken’s updated roadmap comes days after Donald Trump’s recent US elections win and Bitcoin testing the $100k target.
Plenty of other developments coincide with Kraken’s updated roadmap. For example, Trump’s media company, TMTG, plans to acquire the Bakkt exchange and launch the TruthFi exchange, which can potentially promote friendlier rules on token listings.
According to Adam Rust, the incoming Congress will be the most cryptocurrency-friendly ever but warns against rising unregulated services and products.
Kraken Publishes Updated Roadmap, Plans 19 New Tokens
As the second-largest US crypto exchange, Kraken’s announcements and roadmaps are widely followed and anticipated. So, when the exchange offered a list of possible tokens for listing, the crypto community paid attention. Some new tokens that may be listed on the exchange are COW, BNB, PNUT, Omi, and Moo Deng.
Fox Business shared that Kraken’s announcement coincided with the Trump Media and Technology Group (TMTG) ‘s announcement that it’s planning to acquire Bakkt. The Trump media group also shared that it registered “TruthFi,” which will be launched as a cryptocurrency exchange.
Kraken’s Got the Sauce: 19 New Tokens Dropping Soon
Kraken’s cooking up a fresh lineup, adding 19 tokens like $BNB, $DYDX, $AR, $COW, and more to their listing roadmap.
Kraken’s now the #2 exchange in the U.S., so expect eyes on these coins.
And here’s the twist: with Trump… pic.twitter.com/8sjGnixSUw
— Mario Nawfal’s Roundtable (@RoundtableSpace) November 23, 2024
Tokens Are Vetted, Says Kraken
On its published roadmap, Kraken shared that all tokens are vetted and reviewed before they’re listed on the platform. Currently, the crypto exchange lists over 300 coins, all adequately vetted and selected from among the best and emerging tokens in the industry.
Kraken also shared that it plans to integrate three blockchains: the BNB Smart Chain, Arweave, and DX, and will also list their respective tokens, the BNB, AR, and DYDX. The remaining 16 tokens are included in the previously integrated blockchain. However, Kraken permanently disclaims that inclusion in its roadmap doesn’t guarantee a token will be listed.
Crypto market cap hits $2.4 trillion today: TradingView.com
Easing Of Crypto Regulations Under Trump Gets Mixed Opinions
Many crypto execs and analysts have expected the easing of regulations under the second Trump administration. For example, Ripple Labs has long anticipated the election results and started working with the incoming government. Wyoming’s Cynthia Lummis has also doubled down on her call to legitimize Bitcoin and create a strategic BTC reserve.
However, a few policymakers paint a different scenario under a friendly environment for Bitcoin. According to Adam Rust of the Consumer Federation of America, he fears that American consumers may be exposed to unregulated products and services.
Under Chairman Gary Gensler, the Securities and Exchange Commission has also consistently warned the public about specific risks, like fraud and consumer protection. According to the SEC, crypto-assets lack the standard protections in regulated financial products like bonds and stocks.
Featured image from Reuters/Dado Ruvic/Illustration/File Photo, chart from TradingView
