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Kraken to close NFT marketplace

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by COINS NEWS 4 Views

I got an email from Kraken to let me know they are closing the NFT marketplace. I am not sure if this is just UK or if this is globally.

While it won't impact me, I know it might impact some of you.

We have made the difficult decision to close the Kraken NFT marketplace, so we can shift resources into new products and services. We see that you currently hold an NFT with Kraken and are reaching out to notify you of some important dates related to the discontinuation of the marketplace.

What This Means for You

Starting November 27, the Kraken NFT marketplace will enter withdrawal-only mode. At that time, you will no longer be able to list, purchase, bid on, or sell NFTs through Kraken. You will, however, be able to withdraw your NFTs to a self-custodial wallet of your choice.

Key Details

Three-Month Withdrawal Period: You have until February 27, 2025 to withdraw your NFTs. After this date, the Kraken NFT marketplace will be fully closed, and NFT custody on Kraken will no longer be available.

We understand that you may require additional support and our team is here to assist you. If you have any questions or need guidance on withdrawing your NFTs, please don’t hesitate to reach out to Kraken Support.

Thank you for your understanding and support.

submitted by /u/mclarenred
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