Starting Nov. 27, Kraken's NFT marketplace will transition to withdrawal-only mode.
Crypto exchange Kraken is shutting down its non-fungible token (NFT) marketplace just over a year after its launch.
According to an email sent to clients and seen by Cointelegraph, the NFT marketplace will transition to withdrawal-only mode on Nov. 27, initiating a three-month withdrawal period before its complete closure. Kraken said the move will redirect resources to new products and services.
A spokesperson for Kraken confirmed the platform’s discontinuation in a statement:
