Kraken has announced that Binance Coin (BNB) is now available for trading on its platform. Trading for BNB went live at 15:00 UTC on April 22, 2025. This addition allows users to trade BNB, the native token of the BNB Chain, which supports a wide range of decentralized applications and services.

To begin trading BNB on Kraken, users can navigate to the ‘Funding’ section of their account, select BNB, and proceed with the deposit. It is important for users to ensure that they deposit their tokens into networks supported by Kraken, as deposits made using unsupported networks will be lost.

BNB’s Role in the Crypto Ecosystem

BNB powers the BNB Chain, a fast and scalable ecosystem that supports decentralized finance (DeFi), centralized finance (CeFi), non-fungible tokens (NFTs), and decentralized applications (dApps). As Binance’s native token, BNB offers trading perks, governance capabilities, and smart contract execution. The token operates on a hybrid Proof of Stake Authority (PoSA) model, which combines performance with programmability.

Kraken has noted that trading via the Kraken App and Instant Buy will be available once liquidity conditions are met. This means that a sufficient number of buyers and sellers must enter the market for their orders to be efficiently matched. Additionally, geographic restrictions may apply to BNB trading on Kraken.

Future Asset Listings on Kraken

Kraken has a policy of not revealing details about future asset listings until shortly before their launch. However, the exchange has confirmed that more assets will be made available in the future. All of Kraken’s available tokens can be found on their website, and future tokens will be announced on their Listings Roadmap and social media profiles.

For more information on the BNB listing, visit the official announcement here.

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