Kraken to Shut Down NFT Marketplace, Shifting Focus to New Projects
27.11.2024 9:00 1 min. read Alexander Stefanov
Kraken, one of the leading cryptocurrency exchanges, has announced the closure of its NFT marketplace, citing a strategic shift in focus.
Starting November 27, 2024, users will no longer be able to list, bid on, or sell NFTs. Following this date, the platform will enter a “withdrawal-only” phase, enabling users to transfer their assets.
The full shutdown is scheduled for February 27, 2025.
The decision to close the marketplace is part of Kraken’s plan to reallocate resources to upcoming projects and new initiatives that are currently in development.
A company spokesperson mentioned that users have been informed of the changes and will receive assistance in transferring their NFTs either to their Kraken Wallet or other compatible wallets.
Kraken’s NFT marketplace initially launched in November 2022, after a beta phase in December 2021, but struggled to gain momentum as the NFT market began to slow down.
-
1
Stripe Launches Stablecoin Financial Accounts to Bridge TradeFi and Crypto
09.05.2025 15:00 2 min. read -
2
KiloEx Unveils Full Compensation Plan After April Exploit
24.04.2025 13:11 2 min. read -
3
Gold Rally Loses Steam as Technical Signals Point to Pullback
01.05.2025 15:00 1 min. read -
4
Solana’s Meme Coin Race Heats Up: Is Pump.fun’s Reign Over?
16.05.2025 10:00 2 min. read -
5
Crypto Is the Future, Not Banks, Says Eric Trump
30.04.2025 21:00 1 min. read
Peter Schiff Warns Against Investing in Companies That Simply Hold Bitcoin
Economist and gold advocate Peter Schiff has renewed his criticism of the crypto market, but this time, his focus isn’t just Bitcoin—it’s the growing trend of companies whose business models revolve entirely around holding the digital asset.
Singapore Court Orders Multichain Liquidation After Major Exploit
Sonic Labs has secured legal approval to dissolve Multichain Foundation, marking a major step toward recovering funds lost during the platform’s collapse in 2023.
New Ethereum Initiative Targets Institutional-Grade Security Standards
As Ethereum cements its role in the global financial landscape, the Ethereum Foundation has launched a sweeping initiative to future-proof the network’s security.
MetaMask Leaves Door Open for Token Launch Amid Shifting U.S. Crypto Climate
The creators of MetaMask haven’t ruled out launching a token—but if it happens, users can expect a transparent and scam-proof rollout.
-
1
Stripe Launches Stablecoin Financial Accounts to Bridge TradeFi and Crypto
09.05.2025 15:00 2 min. read -
2
KiloEx Unveils Full Compensation Plan After April Exploit
24.04.2025 13:11 2 min. read -
3
Gold Rally Loses Steam as Technical Signals Point to Pullback
01.05.2025 15:00 1 min. read -
4
Solana’s Meme Coin Race Heats Up: Is Pump.fun’s Reign Over?
16.05.2025 10:00 2 min. read -
5
Crypto Is the Future, Not Banks, Says Eric Trump
30.04.2025 21:00 1 min. read