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Kraken Gears up for Massive Altcoin Expansion Amid Regulatory Optimism

by aria-crypto.com

November 23, 2024 at 13:42


Kraken Gears up for Massive Altcoin Expansion Amid Regulatory Optimism



Kraken, currently the second largest cryptocurrency exchange in the United States, has revealed plans to significantly expand its token offerings by listing 19 new altcoins. This list includes prominent cryptocurrencies like Binance Coin (BNB), DYDX, and Arweave (AR), as well as lesser-known tokens such as COW, DOGS, and MOODENG. The move is part of Kraken's strategy to capitalize on potential regulatory easements expected under the administration of the newly elected President, Donald Trump, who is perceived to have a pro-crypto stance. The exchange classifies its new offerings into two categories: blockchain integrations with native tokens and individual token listings on already supported blockchains. Coin Center, a crypto advocacy group, has voiced concerns about current stringent laws potentially stifling industry innovation, despite the pro-crypto government outlook. Kraken's announcement is a proactive step toward enhancing its platform's diversity amidst these regulatory shifts and ongoing debates within the U.S. on the future of cryptocurrency regulation.


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