Kraken Now Offers Official Trump (TRUMP) for Trading

Kraken has added Official Trump (TRUMP) to its platform for trading. The token, a Solana-based memecoin, celebrates President-elect Donald Trump and his "Fight, Fight, Fight" slogan. TRUMP can be traded in USD and EUR, with a minimum order size of 0.2 and price precision of 0.001. Trading via Kraken App and Instant Buy will be available once liquidity conditions are met.

In a recent announcement, cryptocurrency exchange Kraken has expanded its token offerings by adding a new memecoin celebrating President-elect Donald Trump and his "Fight, Fight, Fight" slogan [1]. The token, TRUMP, is based on the Solana blockchain and can be traded in USD and EUR with a minimum order size of 0.2 and a price precision of 0.001 [1].

This move comes amid optimism that the incoming Trump administration's pro-crypto stance will create a more favorable regulatory environment for cryptocurrencies and token listings [1]. Despite ongoing legal challenges from the U.S. Securities and Exchange Commission (SEC) regarding unregistered securities exchanges and staking services, Kraken and other exchanges are capitalizing on market momentum to expand their offerings [1].

Kraken's planned token expansion includes the addition of three new blockchains - Binance Smart Chain, dYdX, and Arweave - and support for their native tokens [1]. The exchange clarified that listing plans are not guaranteed and funding and trading for these tokens will only begin after an official announcement through Kraken Pro's account on X [1].

TRUMP is one of several meme coins that Kraken plans to list, alongside other popular tokens like FWOG, NEIRO, DOGS, GOAT, PNUT, MOODENG, and COW [1]. These tokens belong to blockchains already integrated into Kraken's ecosystem.

Industry stakeholders are optimistic that the incoming administration will ease restrictions on token listings, potentially leading to a more supportive regulatory environment [1]. Some expectations include a clear regulatory framework, the potential establishment of a Bitcoin reserve, and a departure from the SEC's enforcement-focused approach [1].

References:

[1] BeInCrypto. (2021, January 13). Kraken Plans to List 19 Tokens and Integrate 3 Blockchains According to Its Recently Published Tradeable Asset Roadmap. BeInCrypto. https://beincrypto.com/kraken-eyes-token-expansion/