Kraken Expands its Crypto Offerings

Kraken, a major cryptocurrency exchange, is adding a bunch of new altcoins to its list of potential additions. This move signals a significant expansion of their services.

New Altcoins on the Horizon

The exchange announced it’s considering 19 new altcoins, including some interesting ones like:

  • Memecoins: Peanut the Squirrel (PNUT), Neiro (NEIRO), Notcoin (NOT), Fwog (FWOG), MAGA (TRUMP), Dogs (DOGS), and Moo Deng (MOODENG) are among the memecoins in the running.
  • New Blockchains: Kraken also plans to integrate three new blockchains: DYDX, Arweave (AR), and BNB Chain, along with their native tokens.

A Rigorous Listing Process

Kraken emphasizes that adding a coin to its roadmap doesn’t guarantee listing. Each token undergoes a thorough review process, which includes:

  • In-depth analysis: Kraken’s team meticulously examines each digital asset.
  • Legal review: The exchange’s legal team ensures compliance.
  • KLC vote:
    The Kraken Listing Committee (KLC) votes on whether to proceed. A majority vote is needed for a coin to be listed.

Kraken stresses that this rigorous process ensures fairness and integrity in its listings.