Kraken Exchange Announces Withdrawal Phase for 13 Assets

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by Tando Nkube

an hour ago

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Kraken, one of the leading cryptocurrency exchanges, has announced the initiation of the withdrawal phase for 13 specific assets. This move comes as the exchange prepares to halt trading and deposits for these tokens starting October 23, 2023, as stated in the official source.

Withdrawal Encouragement

Customers are strongly encouraged to withdraw their remaining balances before the exchange begins the liquidation process. The affected assets include:

  • BMB
  • ELX
  • APU

among others, which will no longer be available for trading after the specified date.

Liquidation Timeline

The liquidation phase is set to commence on February 12, 2027, giving users a limited window to secure their funds. It is crucial for customers to ensure they have a compatible destination wallet that supports the tokens they intend to withdraw, as failure to do so may result in the loss of their assets.

In a recent development, Kraken Pro launched a trading competition focused on perpetual futures for Oura and Moonshot, providing traders with a unique opportunity ahead of their IPOs. For more details, see read more.

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