Kraken lists Bittensor TAO near $211 as AI tokens keep drawing exchange demand

Kraken added spot trading for Bittensor's TAO token, giving the $211 decentralized AI asset a regulated exchange venue as AI token listings accelerate.

TAO is trading around $211.39, down about 1% over the past 24 hours, with trading volume falling 11%, according to CoinGecko data. The token has established a higher low near $195 after testing that level in early July, with the MACD histogram flipping positive at 1.2 and the RSI climbing to 44.02, per TradingView data.

The listing on Kraken's spot platform gives TAO access to the exchange's global user base outside the US, the exchange said July 6. Kraken previously added seven TAO subnet projects to its listing roadmap and doubled Bittensor's network capacity from 128 to 256 subnet slots, according to the exchange's blog.

About 67% of the circulating TAO supply remains staked following the network's halving event, reducing available tokens on the open market, according to Bittensor network data. Alchemy Pay also added fiat on-ramp support for TAO, letting users in supported regions buy the token directly through bank transfers and credit cards.

Grayscale and Bitwise both filed applications for spot TAO exchange-traded funds in April, with the SEC expected to decide by August 2026. An approval would open a regulated channel for institutional capital, while a rejection or delay could cool near-term demand.

The Kraken listing adds a regulated venue for TAO as competition among exchanges for AI token listings intensifies. Coinbase and Binance have also expanded their AI token offerings this year, with Binance adding bStocks and Coinbase launching tokenized stocks in June. For TAO holders, the Kraken listing means direct spot access without needing to move assets from decentralized venues, potentially boosting liquidity and narrowing spreads on the token.

This article is for informational purposes only and does not constitute investment advice.