Kraken Joins Exchanges That Launch NFT Marketplace

Kraken’s CEO recently hinted that the exchange could soon launch its own NFT marketplace. This will place Kraken on a list of exchanges entering the NFT space. At the moment, Binance, Coinbase, and FTX support this new niche by offering NFT marketplaces and features.

Kraken to Step up the Game

Kraken founder and CEO Jesse Powell recently revealed for Bloomberg that his exchange might soon enter the NFT space. He stated that Kraken is working on an NFT platform that will expose investors to this market.

Powel also mentioned that NFTs would soon merge with metaverse and expand to NFTs for virtual worlds — land parcels, digital clothing, and proof-of-membership tokens.

The Kraken NFT platform will also feature projects from metaverse-oriented companies like Meta and The Sandbox. In addition, projects from other brands like Pepsi or Nike might also be included.

If Kraken opens up an NFT marketplace, it will join some of the more prominent exchanges, such as Coinbase or Binance, which are already benefiting from this new niche in the crypto space.

Out of those exchanges, Binance was the first to open its doors to NFTs and their creators and investors. FTX followed right after, with a Solana-based NFT marketplace. Then came Coinbase.

Huobi also launched a trial for its NFT platform in November.