Kraken Exchange Announces Listing of Cardano-Based Memecoin Snek

Kraken Exchange, one of the leading U.S.-based cryptocurrency platforms with over 10 million users, is set to list the Cardano-based memecoin Snek (SNEK) on April 28, 2025. This move has already sparked a significant price surge for SNEK, with technical indicators pointing to sustained bullish momentum. The listing represents a major milestone for the Cardano ecosystem, further validating its growing influence in the blockchain space. Below is a detailed summary of the announcement and its implications.

Kraken Exchange to List Cardano-based Memecoin Snek on April 28

Kraken Exchange, a U.S.-based cryptocurrency platform with over 10 million users, will list Cardano-based memecoin Snek (SNEK) on April 28. Deposits and withdrawals are already enabled, though geographical restrictions apply.

The SNEK price surged over 16% following the announcement, with technical indicators suggesting continued bullish momentum. The listing marks a significant milestone for the Cardano ecosystem, reinforcing its growing relevance in the memecoin space.

Kraken Expands into Traditional Markets with Alpaca Partnership

Kraken has significantly broadened its U.S. market access through a strategic collaboration with Alpaca, a self-clearing broker-dealer specializing in API-driven trading solutions. The partnership grants Kraken’s U.S. clientele exposure to over 11,000 equities and ETFs, marking a deliberate convergence of traditional finance and digital asset ecosystems.

"This accelerates our vision of unifying asset classes on a single platform," said Nick LaMaina, Kraken’s Managing Director. The move signals crypto-native platforms’ growing ambition to compete with legacy financial institutions by offering comprehensive investment services.