Kraken, a cryptocurrency exchange, has officially launched its Non-Fungible Token (NFT) marketplace after beta testing. The platform supports over 250 NFTs across the Ethereum, Solana, and Polygon blockchains. We launched a public beta version of our NFT platform in November, initially offering support for a curated selection of 70 NFT collections on Ethereum and Solana, said Kraken.
The public launch of the platform includes blue-chip projects like CryptoPunks and Bored Ape Yacht Club, as well as more affordable collections that can be bought for under $100. Kraken NFT marketplace does not charge gas fees to customers who buy and sell NFTs on the platform, but gas fees will be incurred when transferring NFTs and other cryptoassets on and off the Kraken platform.
Users have the choice to pay in fiat or cryptocurrency and listings will have built-in rarity rankings. MetaMask and Solana’s Phantom wallet are currently supported, and WalletConnect will be added in the future.
Kraken’s launch comes amid a broader regulatory crackdown against the crypto industry. Despite the crypto crackdown in Canada, Kraken has remained in the country while competitors like Binance and OKEx have announced their departures, allowing Kraken to grow its customer deposits by 25%. Kraken remains available to U.S. customers with some state-by-state trading restrictions.