BlockBeats news, on November 27, the cryptocurrency exchange Kraken will close its NFT market to free up resources for upcoming projects.
After November 27, 2024, users will no longer be able to list, bid on, or sell NFTs on Kraken's NFT market and can only withdraw assets; this market will be completely closed on February 27, 2025.
A representative from Kraken stated, "We have decided to close the NFT market in order to allocate more resources to new products and services, including some projects that are still under development and not yet disclosed. Customers have been informed of these changes, and our team will support them in transferring NFTs to their Kraken wallet or preferred self-custody wallet." (The Block)
