Transferring Delisted Tokens: 16 of 21 Kraken Assets Have No Fallback Exchange

Anyone holding one of the 21 tokens that Kraken is removing from trading has until 27 August 2026, 14:00 UTC to withdraw them. After that the exchange closes withdrawals, and between 1 and 5 September it sells the remaining balances itself. The practical question is therefore not whether you have to act, but where you can send the tokens at all. We counted it up. The result: for 16 of the 21 tokens, none of the five European venues we checked listed a deposit option on 21 August 2026. Anyone who wants to keep those holdings cannot avoid a wallet of their own.

What does Kraken's 27 August withdrawal deadline mean for you?

Kraken announced the delisting cycle on 14 May 2026 and has worked through it in three stages since. On 29 May at 14:00 UTC the exchange switched off trading and deposits for the affected assets. Since then the tokens can only be withdrawn. That last door closes on 27 August at 14:00 UTC.

According to the exchange, the assets affected are AURA, BIT, BOND, BSX, FARM, GARI, K, KET, KINTO, LOBO, MOON, MV, NYM, RAIIN, RHEA, SAROS, SDN, SPC, SPICE, TEA and TEER. The list comes from the exchange's own delisting notice, not from a third-party summary.

For the period after that, Kraken announces an automatic disposal: between 1 and 5 September, remaining balances will be liquidated to complete the delisting. In the same notice the exchange states explicitly that several of these assets now have only limited or inactive markets, and that sale proceeds may therefore fall well below the reference prices last seen, in individual cases close to zero. That is not our forecast but the operator's own assessment.

The timing of the sale is therefore no longer yours. Anyone who does nothing leaves it to an automated process to decide at what price and into which order book the sale happens. We described how that mechanism works in detail in our report on the Kraken delisting with forced liquidation.

Delisting, forced liquidation and fallback exchange: the three terms explained

Delisting means that a trading platform permanently removes a trading pair from its offering. The token itself continues to exist and nothing changes on the blockchain. Only this one venue no longer carries it.

Forced liquidation means, in this context, that the exchange sells a balance still held with it after a deadline has passed, without any further instruction from the customer, and credits the proceeds. The term has nothing to do with the liquidation of a leveraged position, even though both carry the same word.

Fallback exchange is what we call, in this analysis, any other venue that carries the same token and accepts deposits for it. Only then is a transfer possible at all. An exchange that lists a token but has deposits suspended is not a fallback exchange. The distinction sounds academic and is the core of the whole question, as will become clear in a moment.

What a delisting otherwise means for your portfolio ranges from lost trading pairs and network fees to the question of whether the token still has a reliable price afterwards.

How we counted the fallback exchanges for 34 delisted tokens

This analysis was carried out by cryptoticker.io itself on 21 August 2026. The method in one sentence: we queried the public asset and status interfaces of six venues and checked, for every delisted token, whether it is listed there with an enabled deposit or trading status.

We checked 34 tokens from two deadlines: the 21 assets from the Kraken cycle with a 27 August cut-off, and the 13 assets Bitfinex is removing from trading on 31 August. Each token was checked against five possible destination exchanges, excluding its own exchange in each case. That makes 170 individual queries from a data snapshot of 21 August 2026.

Which venues went into the count

The analysis covered Bitvavo, Coinbase, Bitpanda, Bitstamp, Kraken and Bitfinex. The deciding factor was that all six are regularly accessible from Germany and publish their asset lists in machine-readable form. At Bitvavo we evaluated the deposit status of the asset, at Coinbase the status of the currency, at Bitstamp the trading approval of the pair, at Bitpanda the listing in the public price feed, and at Kraken and Bitfinex the respective currency list.

What the count cannot do

Three limits belong openly to it. First, we matched by ticker and not by contract address or network. Two projects can carry the same ticker. Second, an enabled entry in an asset list says nothing about whether a deposit is actually open for a particular account, country or network. Third, we looked only at centralised venues. Decentralised exchanges and providers outside Europe were left out.

Two queries were denied to us, and that too belongs in an honest survey: Bitpanda's master data endpoint responded with code 401, which is why we fell back on its open price feed there. Binance's asset interface responded with code 451 from our location, which is why Binance does not appear in this analysis at all. The figures below are therefore a lower bound for the number of tokens without a destination, not an upper bound.

Result: for 16 of the 21 Kraken tokens no venue was found

Of the 21 tokens whose withdrawal deadline ends on 27 August, no entry with an enabled status was found at any of the five destination exchanges checked on the survey date for AURA, BIT, BSX, GARI, K, KET, KINTO, LOBO, MOON, MV, RAIIN, RHEA, SDN, SPICE, TEA and TEER. That is 16 of 21 assets, a good three quarters of the list.

For four further tokens there was exactly one possible destination, and for a single token there were two. The complete hit list:

The concentration is striking. Four of the five hits fall to a single provider. Anyone counting on simply moving their token elsewhere is in practice relying on a very narrow base. If that one provider fails for your account, because a network is unsupported or deposits are blocked for your country of residence, only your own wallet remains. Which venues in Europe operate under European supervision at all can be found in our overview of regulated crypto exchanges.

Bitfinex deadline on 31 August: why the 13 tokens find a home more easily

The second deadline of these days looks entirely different in the count. Bitfinex is removing 13 assets from trading, and according to the exchange withdrawals there run until 31 August 2026 at 10:00 UTC. The step was announced back on 23 June, with deposits and trading switched off in July.

The assets affected include Cosmos (ATOM), Lido (LDO), Jupiter (JUP), EigenLayer (EIGEN), Kava (KAVA), NEO, Nexo (NEXO), GateToken (GT), Bitget Token (BGB), Vaulta (A), Omni Network (OMNI), Ultra (UOS) and Bit2Me (B2M).

Here we found at least one destination exchange for ten of the 13 tokens, and for eight of those even two or more. Only B2M, NEXO and UOS came up empty. ATOM, EIGEN and LDO were present with an enabled status at all five destination exchanges checked.

The difference between the two lists is no coincidence; it follows market breadth. The Bitfinex list consists mostly of established projects with listings at many venues. The Kraken list consists of assets that an exchange is sorting out precisely because their markets have grown thin. The very property that leads to the delisting is what then makes moving elsewhere hard.

For Bitfinex customers there is one additional detail the exchange itself names: after the deadline, only a manual recovery route remains, for which the exchange promises neither success nor a fixed timeframe, and for which additional fees are deducted from the recovered amount. The details are in our report on the Bitfinex withdrawal deadline.

Why a ticker match is not yet a deposit address

The most important warning of this analysis follows from its own method. A ticker is not an identity. It happens regularly that two entirely different projects carry the same ticker, on different networks, with different contract addresses and without any connection to one another.

An example from our own data extract: the ticker VELO is carried at one of the exchanges checked as an asset on BNB Chain, and at another as a project on Optimism, under different names. Anyone who sends tokens to the address of the wrong exchange in such a case transfers them into nothing. There is generally no way to get them back.

The mere presence in an asset list is just as unreliable. Coinbase's currency feed contained 501 entries on the survey date, 85 of them with a status other than "online". Two Kraken delisting candidates, BIT and BOND, do appear on that list, but expressly with the note that they are themselves delisted. A pure presence check would have counted both wrongly as a fallback destination. That is why only an enabled status counts in our analysis.

In practice that means: before every transfer, check the contract address and the network on the destination exchange's deposit page against the project's own details. If they do not match, do not send.

Kraken still reports the 21 tokens as tradable in its own status feed

One side finding of the survey deserves attention of its own, because it devalues the check investors most commonly use. We held the 21 delisted assets against Kraken's own public asset feed. All 21 were listed there on 21 August 2026, and all 21 carried the status "enabled".

Six days before the end of the withdrawal deadline, then, the public interface still reports a normal state for assets whose trading has been switched off since 29 May. That is no contradiction in substance, because this status field describes the asset in the system and not the state of the trading pair. For practice the consequence is nonetheless clear: anyone relying on status displays, price tables or data aggregators to tell whether a token is still tradable gets a false picture.

What counts is solely the operator's delisting notice with its dates. Kraken's is publicly available in the exchange's help section: Notice of scheduled asset delistings, May 2026.

Self-custody instead of a fallback exchange: when your own wallet is the only route

If no exchange accepts the token, custody in your own hands remains. Self-custody means that you control the private key yourself and the tokens sit at an address that belongs to no service provider. For the 16 assets without a fallback destination, that is the only way to keep them beyond 27 August.

This is not a recommendation for or against any of these tokens. It is the plain consequence of the fact that a balance sitting at the exchange after the cut-off will be sold. Anyone who considers the asset hopeless can deliberately let the disposal happen or sell beforehand while a market still exists. Anyone who wants to keep it has to withdraw it.

What you have to check before sending

First: does your wallet support the network the token sits on? An address alone is not enough, it has to be the right chain. Second: do you know the token's contract address and have you entered it in the wallet so that the holding becomes visible at all after the transfer? Third: is your balance in the network's own currency sufficient to pay for a transaction later? A token at an address without gas cannot be moved.

Fourth, and this is the one most often overlooked: secure the recovery phrase before you send anything, not afterwards. Which devices come into question and how they differ is set out in our hardware wallet comparison.

TEER and dead networks: when the withdrawal is technically no longer possible

One case from the Kraken list shows the limit of any recommendation. On TEER, the exchange states in its notice that the project has ceased operations and that transactions on the chain no longer go through. Trading as well as deposits and withdrawals are paused there and will remain so.

For holders of that asset there is therefore no action that saves the holding. Neither a transfer to another exchange nor one into your own wallet is possible if the network no longer confirms transactions. What happens at the end of the deadline is decided by the exchange's settlement process.

The case is rare, but it is instructive for selection: a token whose network stands still is lost even if you do everything right. The risk arises long before the deadline, namely with the decision to leave a very small holding at an exchange instead of holding it in your own custody.

What happens if you let the 27 August deadline pass?

Then Kraken sells the holding, by its own announcement, between 1 and 5 September and credits you the proceeds. How high those proceeds are depends on the order book of the asset concerned at that moment. The exchange itself names the possibility that proceeds turn out minimal or fail to materialise entirely if liquidity is lacking.

A balance therefore does not disappear, but you lose control over timing and price. With an asset in a thin market, a sell order hitting an empty order book can drag the price down by itself. That is exactly what the exchange means by sale prices well below reference rates.

Important for your own planning: 27 August is a moment with a time attached, namely 14:00 UTC, which is 16:00 in German summer time. Anyone starting a withdrawal only the day before also has to allow for verification steps, confirmations and network times. A buffer of several days is not a luxury.

For tax purposes the forced liquidation counts as a sale

For investors taxable in Germany, the automatic disposal is not a neutral event. When the exchange sells a holding, a disposal occurs even though you did not trigger it. Whether a taxable gain, a loss or nothing at all follows depends on the acquisition date, the acquisition price and your other transactions during the year.

In practice that means two things. For one, you should keep the statement of the forced liquidation, because it is the record of acquisition and disposal. For another, a sale you trigger yourself before the cut-off can be treated differently for tax purposes than a disposal in September, for instance if a holding period ends in between. That weighing-up is a matter for the individual case and belongs in the hands of a tax adviser.

A note for completeness: this analysis says nothing about whether any of the tokens named makes sense as an investment. The count answers only the question of whether it can still be moved before the deadline.

Transferring delisted tokens: what you take away

1. Check today whether one of the 21 assets sits in your account. The deadline ends on 27 August at 14:00 UTC, and for 16 of these tokens we found no fallback exchange. If you want to keep the holding, plan the transfer into your own custody and set the wallet up beforehand. You will find suitable devices in the hardware wallet comparison.
2. Verify every transfer destination by network and contract address, not by ticker. Our count found at least one case in which the same ticker stands for two different projects at two exchanges. If you would rather move to another exchange instead, choose a provider with European authorisation from the overview of regulated crypto exchanges.
3. Draw the lesson for the rest of your holdings. Leaving small positions at an exchange is expensive precisely when a delisting comes, because by then the fallback options have already disappeared. Choosing venues deliberately by breadth of offering and supervision lowers that risk; a starting point is our crypto exchange comparison.

(As of August 21, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)