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Kraken says its deposits and withdrawals may be delayed due to Lumen finding gateway

Newsquawk Staff ·

Kraken says its deposits and withdrawals may be delayed due to Lumen finding gateway.

What it means

The announcement from Kraken regarding potential delays in deposits and withdrawals due to Lumen finding gateway issues suggests operational vulnerabilities that could impact user confidence. Traders should monitor market sentiment as these delays may lead to increased volatility in crypto assets, especially for those heavily relying on Kraken for liquidity. Pay attention to any further updates from the exchange that might clarify the situation.

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