Kraken Exchange Returned Online and Temporarily Canceled Fees
After several days of technical work, the Kraken trading platform is again available to users. The exchange posted detailed information about the latest update on its blog.
Kraken draws the attention of users to the fact that all orders placed on the platform prior to the start of technical work were canceled, and trading began with empty order books.
Margin positions remained open, but liquidation was limited to at least 48 hours, as was the possibility of opening new margin positions.
Kraken asks users to be vigilant until the order books are full, as before that time the market liquidity will be below normal, which means that orders can be executed at prices that traders who place them do not expect..
Along with the launch of the platform, a withdrawal limit was imposed, which will persist for at least 12 hours. Fiat and crypto deposits can take up to two business days to process.
Until January 31, users who are not involved in margin trading can make trades without paying commissions. Commission on margin positions reduced to 0.005% for the same period.
The exchange notes that at the moment, account verification has the lowest priority for it, and therefore users who want to increase the limits should prepare for a long wait. Verification of existing accounts will be faster than new ones.
At the end of its message, the exchange apologized for the uncertainty, explaining this by replacing the old trading engine with a new one. Kraken notes that the work to improve the marketplace does not end there, adding that the latest update is key to improving the customer experience..
Recall that the Kraken exchange closed for technical work on January 11.