Cryptocurrency exchange Kraken announced that it will close its NFT market on February 27, 2025. After November 27, 2024, users will no longer be able to list, bid, or sell items on Kraken's NFT market; they will only be able to withdraw assets. Kraken stated: "We have decided to shut down our NFT market in order to shift more resources to new products and services, including unpublished plans currently in development. Customers have been informed of these changes, and our team will support them in transferring their NFTs to their Kraken wallet or a self-custody wallet of their choice." Previously, it was reported that Kraken first revealed plans to launch its own NFT market in December 2021 and went live with a beta version in November 2022.