AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Kraken Now Offers Official Trump (TRUMP) for Trading
ByAinvest
Saturday, Jan 18, 2025 4:14 pm ET1min read
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/
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments

No comments yet