Kraken’s October delistings have moved into the withdrawal phase. Trading and deposits for 13 assets were scheduled to stop on October 23, while customers have a longer window to remove remaining tokens before the exchange begins liquidating balances.
TL;DR
- The trading cutoff has passed for 13 tokens named in Kraken’s notice.
- Withdrawals remain scheduled until January 29, 2027 at 15:00 UTC.
- Balances left behind face liquidation, with no assured recovery value.
The trading cutoff and withdrawal cutoff are different
The exchange’s official notice, updated October 8, names BMB, ELX, APU, BDXN, DUCK, BOS, U, OBOL, IDEX, FIS, UXLINK, ALTHEA and NOBODY. Deposits and trading were set to end at 14:00 UTC on October 23. The scheduled liquidation period is February 1–12, 2027.
These dates describe three distinct stages in an exchange’s handling of an asset. Losing an order book does not immediately eliminate the ability to withdraw. Conversely, being able to see a balance in an account does not establish that it can still be traded there.
A withdrawal also needs a destination that supports the actual token and network. A matching ticker on another service is insufficient evidence: tickers can be reused, and an asset can exist in multiple technical forms. The receiving service’s deposit status matters as well as the sending service’s withdrawal status.
The deadline problem resembles the operational transition in Binance Pool’s announced closure. A notice can leave time to act while still requiring customers to change where a service is performed.
A displayed reference price is not a liquidation promise
Kraken warns that thin or inactive markets could leave liquidation proceeds far below recent quoted prices, potentially negligible or zero. The notice does not offer a minimum sale price or a guaranteed percentage recovery.
That warning reflects a basic distinction between a price observation and an executable sale. A small last trade can set a visible reference price even when few buyers are willing to absorb a larger balance. The proceeds from selling an entire position depend on available demand at execution.
NewsBTC’s reporting on CoinShares’ BTF liquidation concerned a fund with an identified cash deliverable. Kraken’s notice describes a future process whose proceeds are still uncertain; the word liquidation does not imply the same economics in both cases.
Moving tokens to personal custody changes the responsibilities again. The key-control arrangements examined in NewsBTC’s custody coverage illustrate why possession, recovery arrangements and trading access are separate questions.
The immediate development is therefore a change in available actions. The trading date has passed, the withdrawal date remains ahead, and the eventual liquidation price has not been determined.
Written by the News Desk and edited by Samuel Rae.
