Kraken replaces 176 trading pairs: what you can do before November 6

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Kraken is swapping 176 native trading pairs for synthetic ones, 140 of them with the euro as the quote currency. Open orders do not travel with them: cancel them yourself before Friday, November 6 at 3 p.m. German time, or Kraken cancels them for you.If you have a limit order sitting on a smaller altcoin at Kraken, review it before Friday, November 6. At 3 p.m. German time the exchange switches 176 trading pairs into what it calls cancel-only mode. From that moment Kraken accepts no new orders on those pairs, and anything still open in the book is deleted over the following days. Balances are not affected, so your coins stay in the account. The only thing lost is the order itself: the price at which you wanted to buy or sell. The good news first, because it applies to most readers: not a single one of the major euro pairs is on the list. Bitcoin, Ethereum, XRP, Solana, Cardano and Dogecoin keep their euro order books unchanged. The ones affected are smaller assets, and there are...