Kraken to Liquidate Seven Assets for UAE Clients After Monday Withdrawal Deadline
Withdrawal Deadline Set for September 14
Kraken is closing withdrawals for seven crypto assets held by its United Arab Emirates customers at 14:00 UTC on Monday, September 14, 2026. After this cutoff, any remaining balances on the platform will be sold off by the exchange in a process called liquidation.
The affected assets include Monero (XMR), Zcash (ZEC), Dash (DASH), USDD, Dai (DAI), USDS, and Ethena USD (USDE). The restrictions apply only to clients residing in the UAE.
Key Details of the Liquidation Window
- Withdrawals are available until 13:59 UTC on September 14 and will be disabled at 14:00 UTC.
- Remaining balances are scheduled for liquidation from September 15 to 25, 2026.
- Kraken cannot confirm or guarantee the currency in which liquidation proceeds will be paid before execution.
Proceeds Currency Depends on Market Conditions
Kraken states that the denomination for liquidation proceeds will be determined by prevailing market conditions at the time of sale. The exchange cannot commit to settling in any specific currency, such as dollars, dirhams, bitcoin, or a stablecoin, in advance. This means customers will not know the exact form of proceeds until after the liquidation occurs.
Delisting Process Follows Earlier Announcement
Kraken published the delisting notice on June 1, 2026. The process included closing open margin positions on June 15 at 14:00 UTC, and disabling deposits, trading, and margin services on June 16 at 14:00 UTC. September's withdrawal and liquidation stages implement the later phases of this previously announced schedule.
Confirmed Facts from Kraken Notices
Based on Kraken's support and status pages, the following is confirmed: the withdrawal deadline and liquidation window for the seven assets, the restriction to UAE-resident clients, and that the delisting is part of Kraken's regular asset reviews.
Impact on Affected Clients
For Kraken clients in the UAE holding these assets, this event means they must withdraw their holdings before 14:00 UTC on September 14 to retain control. If they do not, their assets will be liquidated during the September 15–25 period, with the outcome in terms of proceeds currency being uncertain.