Cryptocurrency exchange Kraken has officially launched its non-fungible token (NFT) marketplace, expanding its support for NFTs across the Ethereum, Solana, and Polygon blockchains. The platform, now out of its beta testing phase, offers access to over 250 NFT collections.
Initially introduced as a public beta version in November, Kraken’s NFT platform featured a curated selection of 70 collections on Ethereum and Solana. With its official launch, the marketplace aims to include both well-known projects like CryptoPunks and Bored Ape Yacht Club, as well as more affordable collections priced below $100.
Kraken NFT marketplace is committed to not charging gas fees for customers who buy and sell NFTs on the platform. However, it clarifies that gas fees will still apply when transferring NFTs and other cryptoassets on and off the Kraken platform.
Users have the option to make payments in fiat or cryptocurrency, and listings on the platform will include built-in rarity rankings. Currently, Kraken supports MetaMask and Solana’s Phantom wallet, with plans to add support for WalletConnect in the future.
Kraken’s NFT marketplace launch coincides with an intensified regulatory crackdown on the crypto industry. While U.S. exchanges face lawsuits from the U.S. Securities and Exchange Commission (SEC), Kraken has continued operations in Canada, where it has seen a significant increase in customer deposits following the departures of competitors like Binance and OKX. Kraken remains accessible to U.S. customers, albeit with some state-specific trading restrictions.