Kraken continues to solidify its position as one of the world’s leading cryptocurrency exchanges with a series of strategic updates in the second quarter of 2025. From new asset listings and trading enhancements to major regulatory milestones, Kraken is delivering on its mission to provide a secure, scalable, and user-centric platform for global traders.
The exchange has introduced several new digital assets for trading, enhanced its compliance framework, and rolled out innovative features across its ecosystem — all while earning industry recognition for performance and reliability.
New Cryptocurrency Listings Expand Investment Opportunities
In early July 2025, Kraken announced the addition of multiple digital assets to its trading lineup, offering users greater diversification and access to emerging blockchain ecosystems.
ICNT and MERL Now Live
As of July 3, 2025, ICNT and MERL became available for funding and trading on Kraken. These assets cater to niche but growing sectors within decentralized finance (DeFi) and AI-driven blockchain applications. Users can now deposit, trade, and manage these tokens directly through their Kraken accounts by navigating to the Funding section.
MemeCore (M) Joins the Platform
Adding to the growing interest in meme-inspired digital assets, MemeCore (M) was officially listed on July 3. Known for its community-driven development and viral marketing campaigns, MemeCore brings a new dimension to Kraken’s portfolio of entertainment-based cryptocurrencies.
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SWEAT, PEAQ, and SOGNI Added on July 2
On July 2, Kraken expanded its offerings with the addition of SWEAT, PEAQ, and SOGNI — tokens rooted in fitness blockchain, decentralized manufacturing, and digital collectibles, respectively. These listings reflect Kraken’s commitment to supporting innovative use cases beyond traditional finance.
SWEAT allows users to earn crypto through physical activity, PEAQ powers IoT and machine-to-machine economies, and SOGNI represents a unique blend of art and utility in the NFT space.
Runes Protocol Launch: DOG Now Tradeable
In a significant move tied to Bitcoin’s evolving ecosystem, Kraken listed DOG, the first asset based on the Runes protocol, on June 27, 2025. This marks Kraken’s early adoption of Bitcoin-native token standards that aim to improve fungibility and reduce blockchain bloat compared to earlier protocols like BRC-20.
With DOG now tradeable, users gain exposure to a new class of Bitcoin-based tokens designed for efficiency and scalability.
Tokenized Equities Now Available for Eligible Clients
Kraken has begun a phased rollout of tokenized U.S. stocks and ETFs for eligible non-U.S. clients. Powered by Backed’s xStocks technology, this feature enables users to gain fractional ownership of real-world financial assets using blockchain infrastructure.
This development bridges traditional finance (TradFi) and decentralized finance (DeFi), offering faster settlement times, increased accessibility, and 24/7 market availability.
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Kraken Pro Enhances Portfolio Analytics
Kraken Pro users now benefit from advanced portfolio metrics directly within their asset dashboard. As of June 27, key performance indicators such as unrealized profit and loss (P&L), average entry price, and cost basis are visible across both web and mobile platforms.
These tools empower active traders with real-time insights, improving decision-making accuracy without requiring third-party analytics software.
Maker Rebates Improve Market Liquidity
To strengthen market depth on less liquid trading pairs, Kraken introduced maker rebates on select spot pairs starting June 27, 2025. This incentive rewards traders who add liquidity by placing limit orders that don’t immediately execute.
By tightening bid-ask spreads and deepening order books, this initiative enhances overall trading efficiency — especially beneficial during high-volatility periods.
Regulatory Milestone: MiCA License Secured
A landmark achievement came on June 25, when Kraken secured a license under the Markets in Crypto-Assets Regulation (MiCA) from the Central Bank of Ireland. This authorization allows Kraken to operate across the European Union under a unified regulatory framework.
This move underscores Kraken’s dedication to compliance and trust-building, positioning it as a leader in regulated crypto services in Europe.
Industry Recognition: Ranked #2 by Kaiko in Q2 2025
Kraken climbed to #2 globally in Kaiko’s Q2 2025 Exchange Rankings, up from #3 in the previous quarter. The ranking evaluates exchanges based on data quality, API reliability, market coverage, and liquidity.
This recognition highlights Kraken’s ongoing investment in infrastructure and user experience — affirming its status among the most reliable platforms in the crypto industry.
Innovation in User Experience: Markdown on Kraken Desktop
Also launched on June 25, the new Markdown notes module on Kraken Desktop allows traders to annotate their workspaces with formatted text, checklists, charts, and cheat sheets. This customization boosts productivity for technical analysts and swing traders who rely on structured workflows.
Educational Focus: Trading Assets at All-Time Highs
In a recent educational session hosted by Kraken’s VP of Growth, industry expert Dentoshi shared strategies for trading assets reaching all-time highs (ATHs). The discussion emphasized risk management, volume analysis, and breakout confirmation techniques.
Such initiatives demonstrate Kraken’s dual focus: empowering users with tools and knowledge.
Frequently Asked Questions
Q: What new cryptocurrencies did Kraken list in July 2025?
A: In July 2025, Kraken listed ICNT, MERL, MemeCore (M), SWEAT, PEAQ, SOGNI, and DOG — expanding access to diverse blockchain ecosystems including DeFi, AI, fitness tech, IoT, memes, and Bitcoin-native tokens.
Q: What is the significance of Kraken’s MiCA license?
A: The MiCA license allows Kraken to legally operate across the European Union under a harmonized regulatory framework, enhancing consumer protection and enabling broader market expansion.
Q: How do maker rebates work on Kraken?
A: Maker rebates reward traders who place limit orders that add liquidity to the order book. These rebates apply to select low-liquidity spot pairs to encourage tighter spreads and deeper markets.
Q: Are tokenized stocks available to all Kraken users?
A: No — tokenized U.S. stocks and ETFs are currently being rolled out in phases for eligible non-U.S. clients only.
Q: Can I track my portfolio performance on Kraken Pro?
A: Yes — Kraken Pro now displays unrealized P&L, average price, and cost basis directly in your asset portfolio view on both desktop and mobile.
Q: What is the Runes protocol?
A: The Runes protocol is a Bitcoin-based token standard designed for creating fungible tokens with efficient transaction processing and reduced network congestion compared to earlier standards like BRC-20.
Kraken’s Q2 2025 momentum reflects a comprehensive strategy focused on innovation, compliance, education, and user empowerment. With new listings, advanced trading tools, and global regulatory alignment, Kraken remains at the forefront of the evolving digital asset landscape.
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