- BNB will begin trading on Kraken with four pairs, including USD, EUR, USDC, and USDT, starting April 22 at 14:00 UTC.
- The listing follows Kraken’s 2024 roadmap announcement but was delayed due to regulatory and competitive concerns.
- Shifts in U.S. political and enforcement stances have opened the door for exchanges to revisit previously risky token listings.
Kraken has confirmed that Binance Coin (BNB) will officially be available for trading on its platform starting April 22 at 14:00 UTC. The platform includes four trading combinations between BNB and USD, EUR, USDC, and USDT. BNB holders can make their deposits now due to the already activated deposit functionality targeted for the upcoming trading launch.
The move follows Kraken’s previous inclusion of BNB in its asset roadmap back in November 2024. At the time, the exchange noted that roadmap inclusion did not guarantee listing. Since then, the token has remained unavailable, despite growing interest and anticipation from users across different markets.
Regulatory Shifts May Have Influenced Timing
Industry analysts believe that the delay in BNB’s listing may have been linked to regulatory uncertainties. Concerns over whether BNB could be classified as a security had kept several U.S.-based exchanges cautious. Lucas Outumuro, head of research at IntoTheBlock, previously stated that platforms might have avoided BNB due to the perceived risks tied to its centralized network structure.
With a shift in the U.S. political and regulatory climate, crypto exchanges appear more open to expanding their token offerings. The return of Donald Trump to the presidency and the recent pullback of enforcement activity by the U.S. Securities and Exchange Commission have given exchanges more confidence to proceed with listings that were previously on hold.
A Strategic Addition for Kraken
Adding BNB, a major token from a competing exchange ecosystem, suggests Kraken is broadening its reach and offering users more trading options. The listing is expected to attract a new segment of traders and increase market activity around BNB on U.S.-based platforms.
The BNB listing on Kraken introduces new trading possibilities for users, particularly those preferring USD and stablecoin transactions. The development also reflects the evolving regulatory dynamics in the United States and the growing competition among top crypto exchanges.
