Crypto exchange Kraken to add support for Binance-backed BNB token
Binance Coin is set to debut on U.S.-based crypto exchange Kraken with trading pairs including EUR, USD, USDC, and USDT.
Binance Coin (BNB) has finally made its way to Kraken as the U.S.-based crypto exchange is planning to list the token.
In an X post on Thursday, BNB Chain, the network behind the BNB token, announced that the token go live on Krakein on April 22 at 14:00 UTC, with four trading pairs: BNB/EUR, BNB/USD, BNB/USDC, and BNB/USDT. Deposits for BNB are already open on the platform, the post reads.
Kraken first included BNB in its listing roadmap back in November 2024. At that time, the exchange stated that inclusion on the roadmap doesn’t guarantee a listing.
While it’s unclear why it took several months to move forward, some believe regulatory pressure may have played a role. Back in late 2022, Lucas Outumuro, head of research at IntoTheBlock, noted in an interview with CoinDesk that crypto exchanges probably “do not list BNB as they see it as a security given the centralization of their network.”
“It’s probably not worth U.S. exchanges risking listing a security especially if it’s a competitor’s token.”
Lucas Outumuro
However, the regulatory landscape in the U.S. changed considerably as with Donald Trump back in office and the U.S. Securities and Exchange Commission pulling back or halting several enforcement actions against crypto firms, exchanges like Kraken appear more confident in expanding their listings — even for tokens of their rivals.
