Kraken delisted pairs and suspended advanced order due to exponential growth

Kraken delisted pairs and suspended advanced order due to exponential growth

Kraken is one of the earliest crypto exchange which supports Bitcoin majorly but they kept adding support for Ethereum and other altcoins as and when they entered market. With the increase in number of new traders in recent days, they experienced exponential growth. So, in order to help mitigate the strain on the platform, they announced delisting some of the illiquid trading pairs and temporarily suspending all advanced order types.

These changes will go into effect on Tuesday, August 22, 2017 around 6 am UTC (Monday August 21 around 11 pm Pacific).

The following pairs will be delisted with all outstanding orders being canceled


They do not have any plans to re-list any of these pairs soon, though this is a possibility once they have ample capacity to do so. Overall plan is to reduce the load on the current platform until upgrades can be made that will enable them to smoothly scale capacity.

The ability to create new advanced orders will also be temporarily suspended (so user will only be able to create basic limit and market orders).

Open orders will remain open until cancelled or executed, but you will no longer be able to create new orders in any of the following advanced types:

Stop Loss
Take Profit
Stop Loss, Take Profit
Stop Loss, Take Profit Limit
Stop Loss Limit
Take Profit Limit
Trailing Stop
Trailing Stop Limit
Stop, Limit

This applies to all currency pairs but the suspension is temporary only. Advanced orders will return in a month or two as soon as they are better able to process them.

At present, Kraken supports trading for Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Augur (REP), ICONOMI (ICN), Zcash (ZEC), Genosis (GNO), Tether ‘Crypto dollar’ (USDT), Dash (DASH), Monero (XMR), Melon Tokens (MLN), Ripple (XRP) and many more. Latest addition is Bitcoin Cash (BCH) on August 7, 2017. Fiat currency supported by Kraken are USD, GBP and EUR.

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ethereum #cryptocurrency #blockchain #bitcoin #kraken

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