Cryptocurrency exchange Kraken will close its NFT marketplace to focus on new projects. This information has appeared in the media.

From November 27, 2024, users will not be able to list, buy, or sell NFTs on the Kraken platform, but they will be able to withdraw their assets. The complete closure of the marketplace is scheduled for February 27, 2025.$SUI $AVAX $FTM A Kraken representative clarified that the decision is related to the need to reallocate resources for the development of new products and services. Users have already received notifications about the changes.

The Kraken marketplace launched in beta version in November 2022, but by spring 2024, the volumes of NFT sales had significantly decreased, despite occasional spikes in activity, for example, with the CryptoPunks project.