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Kraken shutting down its NFT marketplace just a year after its launch

  • Kraken will shut down its NFT marketplace, transitioning to withdrawal-only mode in Nov. 27.
  • Users can withdraw NFTs until February 2025, but can’t list or trade after Nov. 27.
  • The closure follows declining NFT market volumes and Kraken’s focus on new ventures.
  • Kraken, one of the leading global cryptocurrency exchanges, has decided to shut down its NFT marketplace, just over a year after its official launch.

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