Kraken Reports Withdrawal Delays Amid Multiple Service Issues
Kraken, the cryptocurrency exchange, reported on Tuesday that withdrawals were temporarily delayed due to funding issues. The problem affected 23 of its 725 funding services and was listed as a temporary hiccup with no timeline or specific details provided by Kraken. This is the second service issue disclosed in one day, following earlier problems affecting account balance histories. The exchange had previously paused deposits on over 20 blockchain networks starting September 4, including Cosmos (ATOM) and Celestia (TIA), an incident that remains unresolved. These ongoing issues raise concerns about Kraken's reliability at a critical time as its parent company Payward prepares for integration with Nasdaq and the London Stock Exchange. Kraken is also working on launching tokenized London stocks globally, but repeated funding faults could undermine confidence among institutional clients who rely heavily on consistent transaction capabilities. The firm has delayed its IPO until 2027.
Topics: funding issues Kraken service faults withdrawals stuck