Kraken lists Binance coin (BNB) amid regulatory tailwinds
18-4-2025 – Kraken Exchange has finally embraced Binance Coin (BNB), marking a significant shift in its trading portfolio. The move, scheduled for 22nd April, has already seen the activation of deposit and withdrawal functionalities. The fifth-largest cryptocurrency by market capitalisation will be tradeable against multiple currency pairs, including the US dollar, euro, USDC, and USDT, albeit with geographical limitations where regulatory requirements dictate. In an intriguing response to the announcement, Binance’s co-founder Changpeng Zhao offered a rather unconventional perspective, characterising BNB as a “memecoin”, despite its substantial market presence. The timing of Kraken’s decision appears strategically calculated, coinciding with enhanced regulatory clarity in the United States, particularly during the Trump administration. This move aligns with Kraken’s broader strategy to strengthen its competitive position in the cryptocurrency exchange landscape. BNB’s journey has been marked by remarkable technological adoption and operational achievements. The BNB chain’s increasing activity has resulted in the elimination of over 60 million tokens, equivalent to $34 billion, through its burning mechanism. Market analysts note BNB’s impressive resilience amidst global trade tensions, with the cryptocurrency maintaining robust momentum since early 2025. Trading metrics reveal a fully diluted valuation of approximately $86 billion, complemented by daily trading volumes averaging $526 million. Technical indicators suggest a potentially significant market shift following Trump’s second inauguration. The price charts display a compelling support structure above $520, reinforced by positive signals from the Relative Strength Index (RSI), suggesting a possible trend reversal.