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VisitWill Kraken see a notable increase in trading volume by March 31, 2025 after NFT marketplace closure?
Yes • 50%
No • 50%
Trading volume data from Kraken or cryptocurrency market analysis reports
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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Continues operations as is • 25%
Operational restrictions • 25%
Significant fines • 25%
Ceases operations in the U.S. • 25%
Increased market position • 25%
No change in market position • 25%
Decreased market position • 25%
Unclear impact • 25%
Continue operations as usual • 25%
Scale down operations • 25%
Exit the Australian market • 25%
Expand operations • 25%
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No • 50%
Top 3 • 25%
Top 5 • 25%
Top 10 • 25%
Below Top 10 • 25%
No • 50%
Yes • 50%
Cryptocurrency trading features • 25%
Other • 25%
Blockchain technology services • 25%
DeFi products • 25%
Other • 25%
Positive impact on Kraken's stock price • 25%
Negative impact on Kraken's stock price • 25%
No significant impact • 25%