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News

Kraken Begins Trading Binance Coin Amid U.S. Expansion

2 mins mins
Key Points:
  • Kraken now lists BNB, increasing competition and market exposure.
  • BNB trading can drive volume and liquidity.
  • U.S. regulatory environment potentially beneficial for exchanges.

Changpeng Zhao (CZ) announced on platform X that Kraken has begun listing Binance Coin (BNB), one of the top five cryptocurrencies by market cap. This marks an expansion of Kraken’s offerings in the U.S. market.

Kraken’s decision to list BNB is significant due to the token’s market value and high trading volume. BNB’s increased exposure in the U.S. could enhance liquidity and attract further investors. Kraken’s support for BNB highlights the shifting landscape where major U.S. exchanges adopt Binance Coin amid favorable market conditions.

Kraken Expands U.S. Offerings with Binance Coin

Changpeng Zhao commented that Kraken’s listing of BNB reflects a realization among centralized exchanges about BNB’s trading potential. Zhao stated, “Trading platforms need trading volume and are catching up” with BNB’s expansion.

With Kraken listing BNB, the cryptocurrency’s trading volume and liquidity are expected to grow, providing broader market access and potentially stabilizing BNB’s market presence. Kraken’s decision signals competitive shifts in how top exchanges approach high-demand tokens like BNB.

Trading platforms need trading volume. For many years, many centralized exchanges (CEX) have been reluctant to list BNB, missing out on the high trading volume brought by this top five market cap cryptocurrency. Now they are starting to catch up. While this intensifies the competition Binance faces, it is beneficial for BNB itself. I am pleased to see Kraken start supporting BNB trading. – Changpeng “CZ” Zhao, Founder and former CEO, Binance

BNB Listing: Market Impact and Historical Significance

Did you know? BNB is a leading cryptocurrency that has faced historically cautious listing strategies by U.S. exchanges. Kraken’s embrace could indicate a new trend overcoming previous regulatory hesitations.

According to CoinMarketCap, BNB currently trades at $600.09 with a market cap of 84,546,955,527.83, representing a market dominance of 2.85%. The 24-hour trading volume reached 1,739,975,210.80, reflecting a 10.51% increase. Price changes over 90 days reveal a -12.63% decline.

bnb-daily-chart-38
BNB(BNB), daily chart, screenshot on CoinMarketCap at 23:48 UTC on April 25, 2025. Source: CoinMarketCap

Coincu research highlights prospective regulatory shifts as beneficial for BNB’s growth. Legal clarity and more competitive exchanges might foster increased BNB adoption. Historical data suggests consistent trends of volatility and market maneuvers as key players adapt to evolving compliance guidelines.

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Avatar of Mayowa Adebajo

Mayowa Adebajo

25 April 2025, 23:51:34 GMT +0000

Mayowa is a seasoned freelance writer specializing in creating compelling, high-converting content across diverse industries.

With extensive experience working with major news outlets, personal blogs, and private clients, he brings a deep understanding of audience engagement and storytelling. His expertise spans SEO optimization, persuasive copywriting, and niche versatility, ensuring content that resonates and delivers results.

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