KRAKEN delisting some XRP trading pairs

[Sharkey]

Just got this (WTF) email from Kraken.  Wow, how inconvenient will this be for some people?  

"In order to help mitigate the strain on our platform caused by recent exponential growth, we are delisting some of our illiquid trading pairs and temporarily suspending all advanced order types.These changes will go into effect on Tuesday, August 22 around 6 am UTC (Monday August 21 around 11 pm Pacific).

The following pairs will be delisted with all outstanding orders being canceled

XBT/GBP

ETH/GBP

XRP/CAD

XRP/JPY

EOS/EUR

EOS/USD

XLM/EUR

XLM/USD

GNO/EUR

GNO/USD

REP/USD

The ability to create new advanced orders will also be temporarily suspended (so you will only be able to create basic limit and market orders)

Open orders will remain open until cancelled or executed, but you will no longer be able to create new orders in any of the following advanced types:

Stop Loss

Take Profit

Stop Loss, Take Profit

Stop Loss, Take Profit Limit

Stop Loss Limit

Take Profit Limit

Trailing Stop

Trailing Stop Limit

Stop, Limit

This suspension is temporary only. Advanced orders will return in a month or two as soon as we are better able to process them. We know that many of our clients like the advanced orders, but they are used much less frequently than basic limit and market orders while taking more system resources to process.

The above changes will go into effect on Tuesday, August 22 around 6 am UTC (Monday August 21 around 11 pm Pacific).

We apologize for the inconvenience but we think that immediate action is needed to help alleviate the current strain on our platform. We may take further action if these changes aren’t enough. Our overall plan is to reduce the load on our current platform until upgrades can be made that will enable us to smoothly scale capacity.

Thank you for choosing Kraken,

The Kraken Team"

[PopeZAR]

Got this also.

I think its a good thing, personally I dont use Kraken, but their XRP price is usually better than others.

But I have seen horrific messages on boards about it taking days for transfers to happen.

Seems like the increased interest in cyrpto is causing their servers to shake at the foundations.

best they fix it before something bad happens.

[cykopath]

I didn't read the email about delisting XRP/CAD pair. I did a wire transfer today. Will it be converted to the US at their end or I will be getting my money back. Any idea?

[Jman]

On 8/22/2017 at 1:21 AM, PopeZAR said:

Got this also.

I think its a good thing, personally I dont use Kraken, but their XRP price is usually better than others.

But I have seen horrific messages on boards about it taking days for transfers to happen.

Seems like the increased interest in cyrpto is causing their servers to shake at the foundations.

best they fix it before something bad happens.

Your missing the point, basically all alt coins that are a waste of space and haven't done anything and probably aren't going to are getting delisted so we don't slow down the transactions for the more serious coins. Ouch!

Edited August 27, 2017 by Jman