Kraken plans to close cryptocurrency withdrawals for clients living in the United Arab Emirates at 14:00 UTC on September 14, affecting seven assets: XMR, ZEC, DASH, USDD, DAI, USDS and USDE. After that deadline, UAE-based holders can no longer move these coins off the exchange.
Key takeaways
- The change applies only to clients residing in the United Arab Emirates.
- Seven assets are affected: XMR, ZEC, DASH, USDD, DAI, USDS and USDE.
- Withdrawals are scheduled to close on September 14 at 14:00 UTC.
Kraken UAE withdrawal cutoff: September 14 at 14:00 UTC
Kraken, a major U.S.-based crypto exchange, is ending withdrawals for a group of tokens held by its UAE customers. The official delisting notice says withdrawals are scheduled to stop on September 14 at 14:00 UTC. For related coverage, see Trump Accepts Crypto Ethics Curbs Ahead of CLARITY Act Vote.
In plain terms, a withdrawal means moving your coins from the exchange to your own wallet or another platform. After the cutoff, UAE-resident clients lose that option for the affected assets. For related coverage, see South Korea Crypto Tax: 50,000 Seek Two-Year Delay.
Scheduled UAE withdrawal cutoff
14:00 UTC
A separate status-page notice, posted June 1, adds one detail: withdrawals stay available until 13:59 UTC and switch off one minute later, at 14:00 UTC. That same June timetable closed margin positions on June 15 and disabled deposits and trading on June 16. For related coverage, see CLARITY Act: Senate Democrats Weigh 635-Page GOP Offer.
This is a scheduled, previously announced change, not a global Kraken shutdown or a broad trading halt. It targets one client region and one specific list of coins.
Which assets are affected: XMR, ZEC, DASH, USDD, DAI, USDS and USDE
Seven tokens fall under the same UAE withdrawal closure. Kraken lists them together in its delisting cycle:
- XMR (Monero)
- ZEC (Zcash)
- DASH (Dash)
- USDD
- DAI (Dai)
- USDS
- USDE (Ethena USD)
Assets in Kraken’s UAE delisting cycle
7
The list mixes two types of coins. XMR, ZEC and DASH are privacy-focused tokens, while USDD, DAI, USDS and USDE are stablecoins, which are designed to hold a steady value near one U.S. dollar.
All four stablecoins sat close to their dollar peg in a recent market snapshot, each quoted within a fraction of a cent of $1. Those aggregate token prices do not guarantee what currency or amount Kraken will actually return after any liquidation.
Kraken says the reason is regular asset reviews, not a regulator order or a nationwide ban on these coins. The exchange has drawn other headlines this year, including a reported Nasdaq investment in Kraken’s parent company and a partnership between SoFi and Kraken Prime.
What happens to leftover balances, and what stays unclear
Holders who miss the withdrawal window will not simply keep their coins untouched. Kraken plans to liquidate remaining affected balances between September 15 and September 25.
What form those proceeds take is not fixed in advance. Kraken said the denomination of liquidation proceeds is determined by prevailing market conditions and cannot be guaranteed or confirmed prior to execution.
Some reporting suggests withdrawals have already closed and balances have entered liquidation, according to unconfirmed reports. Based on the notices, the September 14 cutoff and the September 15 liquidation start describe a schedule, not confirmed execution.
For a regular UAE-based holder, the practical takeaway is simple: check whether you hold any of the seven assets on Kraken, and note that the exchange controls both the timing and the payout terms once the withdrawal window closes.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
