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What will Kraken cite as the primary reason for NFT marketplace closure by February 27, 2025?
2
Resolution / Starting Odds
Lack of user engagement • 25%
Regulatory challenges • 25%
Strategic refocus • 25%
Other • 25%
Official statements from Kraken or interviews with Kraken executives
Story
Kraken to Close NFT Marketplace by February 27, 2025, Focus on New Projects
Nov 26, 2024, 06:22 PM
Kraken, a prominent cryptocurrency exchange, has announced the closure of its NFT marketplace, which was launched almost two years ago. The decision comes as the company plans to shift its resources towards new products and services. Trading on the NFT marketplace will cease on November 27, 2024, with the platform set to completely shut down by February 27, 2025. Users will only be able to withdraw their assets during this period, focusing on new products and services.
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