Kraken is entering the final stage of its latest delisting cycle, giving holders of 21 tokens until August 27 at 14:00 UTC to withdraw their assets. Afterwards, the exchange begins automatically liquidating remaining balances into markets it warns may have limited or no liquidity.

The scheduled delisting, first announced in May, affects assets that no longer meet Kraken’s internal performance or compliance standards.

Key Dates and Affected Tokens

Kraken halted trading and deposits for the affected assets on May 29. The August 27 deadline marks the final opportunity for users to withdraw their holdings before withdrawals are permanently disabled.

Any balances remaining after the cutoff will enter a five-day automatic liquidation window, during which Kraken, not users, will determine when the assets are sold.

The 21 affected tokens are AURA, BIT, BOND, BSX, FARM, GARI, K, KET, KINTO, LOBO, MOON, MV, NYM, RAIIN, RHEA, SAROS, SDN, SPC, SPICE, TEA, and TEER.

While some were already unavailable for trading before May 29, the withdrawal deadline and liquidation schedule remain unchanged.

Kraken warned that several of these assets have limited or inactive markets, increasing the likelihood of poor execution prices. If liquidity is insufficient when liquidations occur, some balances may generate minimal, or no, proceeds.

Among the delisted assets, TEER carries additional risks. According to Kraken, the project has ceased operations, on-chain transactions are no longer functioning, and trading and funding remain suspended.

As a result, holders have virtually no flexibility beyond the exchange’s scheduled liquidation process.

Why the Deadline Matters

Exchange delistings often trigger sharp declines in liquidity as trading venues remove support and market participation dries up. Investors who fail to move their holdings before withdrawal windows close can lose control over both the timing and price of their exit.

That risk is particularly acute in this case because Kraken has explicitly warned that some of the affected tokens trade in inactive markets.

What Holders Should Do

For anyone holding the affected assets on Kraken, the August 27 deadline represents the last opportunity to control their own exit.

After 14:00 UTC, withdrawals will close permanently, and any remaining balances will be liquidated by Kraken between September 1 and September 5 based on available market liquidity.

The exchange has not committed to specific execution prices, venues, or settlement terms, leaving final proceeds entirely dependent on market conditions at the time of sale.

For holders of the 21 delisted tokens, withdrawing before the deadline is the only way to avoid an exchange-controlled liquidation that could occur at deeply discounted prices, or, if liquidity disappears altogether, return little or nothing.

Source: BeInCrypto