Kraken Working on Marketplace Where Customers Take Loans Backed by NFTs

Kraken recently announced developing a marketplace where customers can use NFTs as collateral to take loans. The venture aims to release the platform in February 2022 at the earliest. With the development, Kraken is directly challenging FTX Exchange and Binance, which are already running NFT marketplaces. As soon as the news surfaced, traders looked for …

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