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Kraken NFT Future’s Marketplace to provide custody for all NFTs


Current week, Kraken’s massive exchange platform affirmed the future launch of its NFT dedicated marketplace. The release comes after a very successful year for Kraken. CEO Jesse Powell mentioned that, actually, the company had been striving for this level of success for more than 10 years.

Briefly, the Kraken NFT marketplace will concentrate on NFT collectors who aiming to use their digital assets for more business’. Consequently, the future platform will also provide custody services. In other words, you can deposit your valuable NFT tokens through Kraken. In addition, you can also use it as collateral, as it follows:

“If you deposit a CryptoPunk on Kraken, we want to reflect its value in your account. And if you want to borrow against it, Kraken is working on a system to determine the value of the deposited NFT liquidation.” Powell states.

Presently, Kraken is one of the most successful digital currency exchange platforms in the world. Moreover, when the company was established in 2011, it was difficult to dream of such achievements. Powell says that, in fact, the group was trying to sell Bitcoins.

However, due to the NFT boom, Kraken was a success in 2021, and with its new marketplace, this may be just the start.

About Tiffany Ellis

She is a smiley curious writer from the USA. She loves Cryptocurrencies, Arts an also NFTs.

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