Crypto Exchange Kraken Launches NFT Marketplace With Whitelisted $ETH and $SOL Collections

Crypto Exchange Kraken Launches NFT Marketplace With Whitelisted $ETH and $SOL Collections

Popular cryptocurrency exchange Kraken has launched its non-fungible token (NFT) marketplace with whitelisted collections on the Ethereum ($ETH) and Solana ($SOL) networks. The marketplace is designed to be “the most secure and accessible” in the ecosystem.

The marketplace is, for now, only available for those who signed up to Kraken’s waitlist, although it’s set to roll out to the public “soon.”

According to the exchange, the marketplace features a “curated offering of over 70 collections that represent some of the highest trading volume in the market today.” The exchange is also offering NFT custody services, allowing users to move NFTs they already own to the marketplace.

A Kraken spokesperson said:

By leveraging the same battle-tested infrastructure that has kept our client’s crypto assets secure for the past 11 years, Kraken NFT provides the bedrock people need to engage with the NFT space with confidence.

Kraken added that the marketplace’s whitelisted collections will begin with those on Ethereum and Solana. The marketplace’s features include gasless transactions, as users can buy and sell NFTs without incurring network transaction fees.

Moreover, the marketplace aggregates NFTs listed on other platforms to enable users to “engage in the broader NFT space still under the full protection of Kraken’s industry-leading security framework.” A portion of the value sold on the marketplace is set to revert to creators.

Supported collections on Kraken’s NFT marketplace have an accompanying rarity score that allows purchasers to “readily assess how rare an individual NFT is, and make a better potential bid.”

Users on the Marketplace can buy and sell NFTs using every fiat currency supported on the cryptocurrency exchange, meaning 8 fiat currencies are available, along with their over 200 cryptocurrencies.

Back in September, Kraken announced its co-founder and current CEO Jesse Powell was giving up his CEO role and becoming chairman of the board of directors. In a press release, Kraken detailed that Dave Ripley, who has been the COO for the past six years, will become the new CEO once the firm completes its search for a new COO.

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