Kraken clients holding any of 21 delisted tokens face a 14:00 UTC deadline on Aug. 27, when the exchange’s general withdrawal window closes; remaining balances will then move toward automatic liquidation.
The exchange plans to liquidate remaining balances between Sept. 1 and Sept. 5 based on prevailing market conditions, according to its delisting notice. For balances left on the exchange, that removes holders’ control over when the assets are sold. The liquidation could also leave some with little or nothing because Kraken warned that several affected tokens have limited or inactive markets.
What holders of delisted tokens need to know
The 21 assets are AURA, BIT, BOND, BSX, FARM, GARI, K, KET, KINTO, LOBO, MOON, MV, NYM, RAIIN, RHEA, SAROS, SDN, SPC, SPICE, TEA and TEER.
Kraken’s timetable separates three stages of the delisting:
- May 29 at 14:00 UTC: Kraken scheduled trading and deposits to stop. Some assets were already unavailable for trading, but Kraken said the other delisting dates still applied.
- Aug. 27 at 14:00 UTC: The general withdrawal window closes. After that cutoff, Kraken will disable withdrawals.
- Sept. 1 through Sept. 5: Kraken plans to automatically liquidate balances that remain, based on market conditions during the execution window.
The current deadline therefore concerns withdrawals, not a new trading suspension. For assets other than TEER, it marks the final point at which holders can use the remaining window to move balances off the exchange before Kraken takes over the exit process.
TEER holders face an additional constraint. Kraken said the project has ceased operations and on-chain transactions will not go through. The exchange has paused trading and funding for the token and will keep them paused.
What liquidation may return
The exchange has not promised a specific execution time or price during the five-day liquidation window. Kraken said several, not all, of the delisted tokens have limited or inactive markets. It warned that liquidation prices may be significantly below recent reference prices and that, in some cases, insufficient liquidity at the time of execution could produce minimal or no proceeds.
That warning describes a risk, not a forecast for every account. The outcome will depend on the market available when Kraken executes each liquidation.
The notice addresses clients holding any of the named assets and does not assign the schedule to a particular jurisdiction. Separate general disclosures on the page state that geographic restrictions may apply.
For holders able to withdraw, Aug. 27 is the last chance to control the timing of their exit. After the cutoff, Kraken determines when balances from those delisted tokens are liquidated within the Sept. 1-5 window, while available liquidity determines what those sales return.
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 Withdrawals close at 14:00 UTC, then thin markets could determine what automatic liquidation returns.
The post Crypto holders face an Aug 27 deadline to save 21 tokens before Kraken liquidates them into thin order books appeared first on CryptoSlate. Exchanges, Featured, Liquidations, BondÂ
This articles is written by : Nermeen Nabil Khear Abdelmalak
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