Leading cryptocurrency exchange Kraken has announced the delisting of some of illiquid trading pairs and temporary suspension of all advanced order types.
Effective August 22 around 6 am UTC, the exchange is delisting the 11 pairs with all outstanding orders being canceled. These include XBT/GBP, ETH/GBP, XRP/CAD, XRP/JPY, EOS/EUR, EOS/USD, XLM/EUR, XLM/USD, GNO/EUR, GNO/USD, and REP/USD.
“We do not have any plans at this time to re-list any of these pairs, though this is a possibility once we have ample capacity to do so,” Kraken said.
The startup said that the delisting decision is aimed at mitigating “the strain on its platform caused by recent exponential growth.”
“Our overall plan is to reduce the load on our current platform until upgrades can be made that will enable us to smoothly scale capacity,” it added.
Kraken is also temporarily suspending the ability to create new advanced orders. Users will only be able to create basic limit and market orders. Open orders will remain open until canceled or executed.
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