PANews reported on November 27 that according to The Block, the crypto exchange Kraken said in a statement that the company will close its NFT market to free up resources for upcoming projects. After November 27, 2024, users will no longer be able to list, bid or sell items on Kraken's NFT market; they can only withdraw assets. The market will be completely closed on February 27, 2025.

A Kraken representative said: “We have decided to shut down our NFT marketplace in order to shift more resources to new products and services, including unannounced initiatives in development. Customers have been informed of these changes, and our team will support them in transferring their NFTs to their Kraken wallet or the self-custodial wallet of their choice.”