Cryptocurrency exchange Kraken has announced that it will cease trading on its NFT marketplace on November 27, 2024, and plans to fully close the marketplace on February 27, 2025. Users can currently only withdraw assets. Kraken stated that this decision is aimed at reallocating resources to other new products and services, including plans that have yet to be announced. Kraken launched the NFT marketplace beta in November 2022, but due to persistently low trading volumes in the NFT market since the beginning of this year, the platform ultimately chose to shut down this business line. (TheBlock)