The crypto exchange Kraken is shutting down its NFT marketplace almost two years after the platform was launched, saying it’s shifting more resources into new products and services.

The cryptocurrency exchange Kraken recently announced its plans to completely shut down its NFT marketplace on February 27, 2025. The exchange will also shut down most of the NFT marketplace’s services on November 27,

Kraken, a centralized crypto exchange platform that allows users to buy and sell crypto, has announced plans to close its NFT marketplace.

Kraken will shut down its NFT marketplace, entering withdrawal-only mode on Nov. 27, to focus on new products.

Crypto exchange Kraken is shutting down its non-fungible token (NFT) marketplace just over a year after its launch. According to an email sent to clients and seen by Cointelegraph, the NFT marketplace will transition to withdrawal-only mode on Nov.