Top Crypto Exchange Kraken Announcd it Will Add Binance’s BNB
After years of overlooking one of the largest digital assets, Kraken has finally taken the step to support Binance Coin (BNB).
The exchange revealed on Thursday that it had activated deposit and withdrawal functions for BNB, with full trading scheduled to begin on April 22.
Once listed, BNB will be available for trading against several pairs including USD, EUR, USDC, and USDT. However, Kraken made it clear that users in certain jurisdictions may face restrictions depending on local regulations.
The crypto world reacted with a mix of curiosity and skepticism. Some were baffled that Kraken had waited this long to support the token ranked fifth by market capitalization. Meanwhile, Binance’s own co-founder, Changpeng Zhao, downplayed the significance by referring to BNB as a “memecoin.”
Why Now? Kraken’s decision to onboard BNB comes after a period of regulatory maturation around the asset, particularly in the U.S. The exchange, which expanded its services notably during the Trump era, seems to be positioning itself more competitively in the evolving crypto landscape.
BNB’s traction has been reinforced by Binance’s ecosystem, and its chain has seen an uptick in usage that has contributed to significant token burns—over 60 million BNB have been permanently removed from circulation, totaling more than $34 billion in value.
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 10,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
