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Institutions & ETFs · 1 min read

Kraken to Cancel Orders on 176 Trading Pairs in Shift to Synthetic Markets

The exchange will clear order books across 176 pairs, migrating users to synthetic markets that levy taker fees on limit orders.

Editorial oversight: Julian Mercer, Chief Editor
Bearish

At a glance Announced

What happened
Kraken announced it will cancel orders across 176 trading pairs as it shifts those markets to synthetic trading.
Why it matters
The replacement synthetic markets will charge taker fees even on resting limit orders, raising trading costs.
Who is affected
Kraken users trading on the 176 impacted currency pairs.
What's next
No next step announced.
Primary source
thedefiant.io: Kraken to Cancel Orders on 176 Pairs in Synthetic Trading Shift

Key points

  • Kraken will cancel all existing resting orders across 176 trading pairs as part of a shift to synthetic trading.
  • Replacement markets will impose taker fees on transactions even when users place limit orders.
  • Customers will be required to submit completely fresh orders following the platform's migration.

Cryptocurrency exchange Kraken is set to cancel all resting orders across 176 trading pairs as part of an operational shift to synthetic trading 1.

Under the restructuring, the affected order books will be cleared entirely, requiring active market participants to enter new orders manually once the migration process concludes 1. The exchange's replacement venues will introduce a modified pricing structure under which customers are charged taker fees even when executing limit orders 1.

Synthetic Migration Details

The planned cancellation impacts 176 trading pairs across Kraken's platform 1. Traders utilizing limit orders—which traditionally rest on order books until matched—will face taker fees on the incoming replacement markets 1. Consequently, market participants with active positions or resting limit orders on the designated 176 pairs will need to monitor the transition and submit fresh orders to re-establish liquidity or execute trades following the system migration 1.

The infrastructure change represents a shift in order execution mechanics and fee schedules for the affected assets on the centralized exchange 1. At the time of writing, broader digital asset markets remained steady, with $BTC trading at $80,715 and $ETH changing hands at $2,336.

Sources

  1. [1] Kraken to Cancel Orders on 176 Pairs in Synthetic Trading Shift — thedefiant.io, October 28, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

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