Back to the list

Kraken to lose some of its tentacles: illiquid trading pairs disabled

21 August 2017 21:00, UTC

The cryptocurrency exchange Kraken decided to optimize its servers and to do this, disabled 12 illiquid trading pairs. Along with this, the company decided to temporarily suspend all advanced order types. These changes will come into effect on 22 August 2017 around 6:00 UTC (in Pacific time, on 21 August around 23:00).

As the exchange official blog informs, the following pairs will be delisted with all outstanding orders being canceled:

XBT/GBP
ETH/GBP
XRP/CAD
XRP/JPY
EOS/EUR
EOS/USD
XLM/EUR
XLM/USD
GNO/EUR
GNO/USD
REP/USD

Currently, they do not plan to relist any of these pairs although they might consider doing this once their server capacity upgrades enough. During the suspension of advanced orders, one will be able to create basic limit and market orders only. They posted a list of orders that will be temporarily disabled:

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

The exchange management stresses that these orders will return in two months or even sooner, after the organization processes them all. While acknowledging the fact that many users prefer these types of orders, they are still used not as often as basic limit and market orders, but they consume more network processing capacity.

Kraken is a prosperous cryptocurrency exchange based in the United States with operations in Canada, the European Union, Japan.