Kraken to Cancel Orders on 176 Pairs in Synthetic Trading Shift

The fee change is the more telling detail: charging taker fees on limit orders alters the economics of passive market-making on these pairs, not just the mechanics of a migration. Traders running resting liquidity on the affected synthetic markets face a different cost calculus than before, while the forced order cancellation adds execution risk around an unspecified transition window. Whether liquidity providers re-enter the replacement markets on similar terms is the open question, and the absence of a timeline leaves that uncertainty unresolved.