FTX US Launches NFT Marketplace
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11 October
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US-based arm of cryptocurrency exchange FTX, FTX US, has launched its own marketplace for non-fungible tokens (NFTs). According to a press release, the so-called FTX NFTs allows users to mint and transfer rare tokens. Initially, the marketplace will only support NFTs based on the Solana blockchain. However, the exchange plans to add support for Ethereum network in the foreseeable future.

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"With the launch of this platform, we hope to provide both US and global users with a regulated marketplace that is intuitive and responsive to their needs," said Brett Harrison, President of FTX US.

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Newly created NFTs can be traded in pair with USD, SOL or ETH. However, the exchange's users will have to pass at least KYC level 1. Users will also be obliged to pass KYC level 2 in order to withdraw NFTs above a "certain dollar value."

FTX first announced plans to launch the NFTs marketplace in August this year. The exchange teamed up with entertainment company Dolphin Entertainment to launch the platform.

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