Kraken is a significant player in the cryptocurrency exchange industry, and stands out for its stellar track record on security, accessibility in multiple regions and multiple account funding options.
While a listing in Kraken doesn’t have quite the same impact on the market as a listing on Binance or Coinbase, it can still provide a nice boost to smaller crypto projects.
In this article, we’re highlighting new Kraken listings in 2024 and featuring upcoming Kraken listings. Kraken is one of the few exchanges that publicly reveals which cryptocurrencies they are planning to add to their platform.
New Kraken listings in 2024 – A closer look
Kraken has recently been quite busy adding new cryptocurrencies to its exchange. Let’s take a closer look at the newest crypto listings on Kraken.
1. deBridge Finance
deBridge is a decentralized protocol designed to facilitate cross-chain interoperability and the movement of liquidity. It enables the secure and efficient transfer of data and assets across multiple blockchain networks.
Built for high performance, the protocol offers quick finality and low slippage, integrating smoothly with diverse blockchain ecosystems. Developers are provided with tools to create cross-chain applications, ensuring flexibility and ease of use. The cross-chain communication between deBridge smart contracts is enabled by a network of independent oracles and validators, which are selected through deBridge governance.
deBridge is compatible with all major blockchain networks, including Ethereum and BNB Chain.
Trade deBridge Finance (DBR) on Kraken
2. PONKE
PONKE is a meme token on the Solana blockchain that features a mascot that’s a combination of popular meme character Pepe the Frog and a monkey.
Although PONKE doesn’t really stand out from the plethora of meme coins on the market today, the token has seen solid traction and has benefited from listings on numerous leading cryptocurrency exchanges, including Kraken.
However, one unique aspect of PONKE is that the token has a supply of 555 million, which is quite small compared to most popular meme coins. As a result, PONKE’s price per unit is higher compared to the majority of meme coins.
Trade PONKE (PONKE) on Kraken
3. Puffer Finance
Puffer Finance is a new decentralized finance project focused on Ethereum’s Proof-of-Stake ecosystem. It operates as a native liquid restaking protocol built on the EigenLayer foundation, which boosts Ethereum’s staking performance and accessibility. With Puffer, users can become validators on Ethereum with just 1 ETH, allowing broader participation in Ethereum’s staking process.
One of Puffer’s key innovations is liquid restaking, which differs from traditional staking by allowing staked ETH to be used across other decentralized applications. Users receive a token called pufETH, which can then be restaked to earn additional rewards without compromising liquidity.
The Puffer protocol features the PUFFER governance token, which allows holders to influence key protocol parameters such as fees, limits and bond requirements. Users can stake their PUFFER tokens to create vePUFFER NFTs, which accumulate voting power over time as long as the PUFFER tokens remain staked.
Trade Puffer Finance (PUFFER) on Kraken
4. Toncoin
Toncoin is a blockchain initiative that continues the development of a platform originally conceptualized by the creators of the Telegram messenger. Although Telegram had to step away from the project due to legal issues with U.S. securities regulators, community members recognized the potential in Telegram’s blockchain framework and took up development under the name Toncoin.
The TON Foundation, an independent organization with no formal ties to Telegram, now leads the development of Toncoin. However, Telegram’s team is integrating Toncoin-powered solutions within the messaging app. For instance, users can now access the TON Space wallet directly through Telegram.
Technically, Toncoin is a scalable blockchain with smart contract capabilities and a Proof-of-Stake consensus model. Nevertheless, the initial distribution of TON was achieved through a Proof-of-Work approach to ensure a fair launch.
Trade Toncoin (TON) on Kraken
5. Cat in a dogs world
Cat in a dogs world is a relatively new meme coin on the Solana blockchain, featuring a cat mascot. Like many recent successful meme tokens, MEW has no roadmap or specific utility, and the team behind it has no public plans to introduce additional features.
The token’s total supply is set at 88.8 billion, likely in reference to the number 8, which symbolizes luck and prosperity in Chinese culture. The name “MEW” playfully stands out in a meme coin space that’s typically dominated by dog-themed mascots, positioning it uniquely as a “cat among dogs.”
MEW has quickly gained traction in the crypto community, as shown by its listings on major exchanges such as Kraken. It’s also among the most actively traded tokens on decentralized exchanges within the Solana ecosystem.
Trade Cat in a dogs world (MEW) on Kraken
6. EigenLayer
EigenLayer is an Ethereum restaking protocol centered on the concept of “pooled security.” Simply put, it allows users who have already staked their ETH to restake it through EigenLayer. This enables the protocol to pool these staked funds and extend its security to external services such as bridges, liquid staking protocols, and more.
By leveraging EigenLayer’s pooled security, these services benefit from enhanced protection against potential attacks, as EigenLayer effectively broadens Ethereum’s blockchain security to support additional protocols operating on the network.
ETH users who choose to restake through EigenLayer contribute to the security of these connected services and, in return, earn staking rewards for their support.
Trade EigenLayer (EIGEN) on Kraken
7. Covalent
Covalent is a data aggregation software that gathers information from top blockchain networks like Ethereum, Avalanche, and Polygon, providing users with access to a broad range of data points for diverse applications.
By comprehensively indexing entire blockchains and offering data access through a unified API, Covalent aims to capture detailed information embedded in smart contracts, which is often beyond the reach of standard tools.
In this way, Covalent strives to make it simpler for developers to obtain a complete, up-to-date, and precise view of the entire blockchain ecosystem.
Trade Covalent (CQT) on Kraken
Upcoming Kraken listings
Although Kraken is generally prompt in adding new cryptocurrencies to its platform, there are still several prominent ones that remain unlisted. Interestingly enough, Kraken is one of the few exchanges that publicly discloses which cryptocurrencies they plan on listings. Here’s a quick list of upcoming Kraken listings:
- Swell Network: Liquid restaking protocol for Ethereum
- dYdX Chain: Blockchain platform specialized for high-performance decentralized trading
- Kaspa: Scalable Proof-of-Work coin based on a BlockDAG architecture
- CoW Protocol: A protocol that provides MEV protection for DeFi users
- Notcoin: Toncoin-based token distributed through an innovative clicker game
- Gigachad: A meme token on the Solana blockchain
- Reserve Rights: A protocol enabling stable digital currencies
- Aethir: Decentralized on-demand GPU compute solutions
- Myro: Meme token on the Solana blockchain
The bottom line
Keeping tabs on new cryptocurrency listings is an important skill for cryptocurrency traders, as a listing on a major exchange can have a significant (usually positive) impact on the market. Kraken’s listings usually don’t provide a huge boost to cryptocurrencies, but they are certainly a bullish event that can provide some additional bullish momentum ot a cryptocurrency.
If you’re interested in hunting for new cryptocurrencies before they’re listed on exchanges, make sure to check out our guide on how to find and buy new crypto before listing.
Source: https://coincodex.com/article/51495/new-kraken-listings/