Kraken Announces NFT Marketplace

Kraken Opens NFT Waitlist

Kraken today announced the launch of Kraken NFT, a non-fungible token market. Kraken intends to charge zero fees for users who use its NFT platform. If NFTs are deposited or withdrawn to Kraken, however, users will be charged gas fees. The company plans to add other features, including the ability for users to track their NFT rarity scores and rewarding NFT creators with a share of secondary sales. Kraken’s NFT marketplace will accept payments in most currencies and cryptocurrencies already accepted by the exchange. Kraken states that support is available for more than 120 assets. Kraken will be able to support NFTs on multiple Blockchains. Solana and Ethereum were both supported at launch. The exchange claims that additional blockchains will be revealed at a later date. The company did not announce when its NFT marketplace would open, but it did say that the waitlist will open today.

December: CEO Announces Plans

Jesse Powell, Kraken’s CEO, spoke out about plans to open an NFT market in December. He gave no details. Powell made the announcement citing several reasons why an NFT marketplace was needed, including the appearance Metaverse NFTs as well as the expected growth in overall NFT markets. NFT marketplaces were also launched by Coinbase and FTX.US as well as Binance and Gemini, which are the major crypto exchanges. Although these exchanges recently joined the competition, OpenSea, a dedicated NFT marketplace, remains the most popular site for NFT trading. It had a trading volume of $3.2 billion in April.