Binance Coin (BNB) Shows Market Resilience
Binance Coin (BNB), one of the largest altcoins, has recently shown significant market resilience compared to other altcoins. While BNB attracts attention with its durability, it is preparing to be listed on Kraken, one of the longest-running cryptocurrency exchanges.
At this point, BNB Chain announced that BNB from account X will be listed on Kraken and trading will begin at 14:00 UTC on April 22. Accordingly, Kraken will support four trading pairs for BNB: BNB/EUR, BNB/USD, BNB/USDC, and BNB/USDT.
While some users were surprised that Kraken had not listed BNB, which is among the fifth largest cryptocurrencies by market value, some argued that the listing could be a major bullish sign for BNB.
While the Kraken listing attracted great attention in the market, former Binance CEO Changpeng Zhao also commented on this listing. CZ took a humorous approach to Kraken’s BNB listing, jokingly calling BNB a “meme coin” after news of the listing.
“BNB is a memecoin,” CZ said in his post.
Since the announcement, BNB has been on a positive path. According to CoinMarketCap data, BNB is up 1.3% in the last 24 hours and is trading at $590 at the time of writing.
At this point, investors are closely watching whether the Kraken listing will trigger further upside.
BNB is a meme coin.♂️
https://t.co/JY68Ct30Yu
— CZ BNB (@cz_binance)
April 17, 2025
*This is not investment advice.