Kraken listing is a milestone for Cronos that improves accessibility, credibility, and adoption
Kraken, one of the longest-standing crypto exchanges, has listed $CRO for trading on its platform on 29 January 2025.
The platform announcement came amidst a series of token listings in the last 72 hours including $USUAL, $MOVE, $BIO, $SONIC and $CGPT.
Deposits and withdrawals are now enabled for Cronos on the Kraken platform and the listing can be viewed here.
Why is the listing a significant development for Cronos?
1. Enhanced Market Access & Liquidity – Kraken’s reputation expands liquidity for the token, making it more accessible to global investors.
2. Institutional Credibility & Validation – Kraken’s listing, which involves comprehensive due diligence, showcases confidence in the token’s fundamentals and long term viability.
3. Strengthening the Cronos Ecosystem – The exposure provided by Kraken to Cronos can drive new users towards Cronos’ DeFi, NFT, and GameFi applications
4. Positive Market Sentiment – A listing on a reputable exchange enhances trust and investor sentiment toward $CRO.
5. Potential for Future Growth & Partnerships – It opens doors for crypto.com to undertake strategic expansion along with catalyzing further partnerships, staking and listing opportunities that benefit the Cronos ecosystem
Kraken re-introduces on-chain staking for U.S. clients
The news of the Cronos listing comes amid Kraken’s newest expansion. Kraken has re-entered the US markets after shutting down its staking products in early 2023 due to SEC interference.
In 39 states of the US, Kraken clients will now be able to stake 17 assets, including ETH, SOL, DOT and ADA.
The development was called by Kraken Global Head of Consumer Mark Greenberg as “an overwhelmingly positive development, not just for Kraken but also for the entire U.S. crypto space.”
