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 can only withdraw their assets. Kraken stated: "We have decided to close our NFT market in order to allocate more resources to new products and services, including unpublished plans currently under development.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, Kraken first revealed plans to launch its own NFT market in December 2021, and the beta version went live in November 2022.