Kraken Delists 13 Tokens; Withdrawals Open Until 2027
Kraken has ended deposits and trading for 13 tokens: BMB, ELX, APU, BDXN, DUCK, BOS, U, OBOL, IDEX, FIS, UXLINK, ALTHEA and NOBODY. The trading cutoff took effect at 14:00 UTC on October 23. Kraken delistings have entered a separate withdrawal phase: customers can withdraw remaining balances until January 29, 2027, at 15:00 UTC. The exchange plans to liquidate balances left behind from February 1 to 12, 2027. Kraken warns that thin or inactive markets could mean liquidation proceeds are far below recent quoted prices, or even negligible. There is no guaranteed minimum recovery. Customers considering a withdrawal should check that the destination supports the exact token and network, and that deposits are enabled. The end of trading does not itself prevent withdrawals, but it removes access to Kraken’s order books for the affected tokens.
Bearish
The immediate impact is bearish for the 13 affected tokens, rather than for the wider crypto market. Kraken’s trading cutoff removes an order book and may reduce liquidity, limit exit options and increase price volatility for holders. The exchange’s warning that liquidation proceeds could be negligible adds uncertainty and may prompt some customers to sell or withdraw before the deadline. Similar exchange delistings have often put pressure on the affected assets as traders anticipate lower liquidity and fewer venues, although the effect varies with each token’s market depth and availability elsewhere. In the short term, watch trading volume, spreads and prices on other exchanges, alongside withdrawal status and any signs of token migration. Over the longer term, the impact will depend on whether the projects retain active markets and exchange access. The announcement does not, by itself, signal broad market instability; its bearish implications are concentrated in the listed tokens.