Kraken Auto-Liquidates 21 Tokens Sept 1-5 After Delisting

Kraken is closing out 21 tokens, and any balances left after August 27 will convert automatically at prevailing market prices. Withdrawals stay open until 14:00 UTC that day, the exchange said. Trading and deposits have been paused since May 29, leaving withdrawals as the only exit route.

The conversion runs from September 1 through September 5. Kraken will execute those sales at the prices available during that window, not at a fixed valuation, which means the final payout depends entirely on bid depth at the moment of each sale. The exchange has not said how large the affected balances are, so the potential sell overhang is hard to quantify.

The list skews toward assets with thin or inactive markets. Several already trade with low daily volume and limited bid depth. Removing Kraken as a venue also concentrates whatever activity remains across fewer exchanges. The affected tokens sit mostly at the thin end of the crypto market analysis, where a single large order can move price.