FTX US Launches NFT Marketplace
Main page News, Ethereum, Crypto Market, Cryptocurrency Exchanges, NFT
Hot topic
Oct. 11, 2021

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.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

"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.

Chainalysis Signs Long-term Agreement with Dapper Labs to Track NFTs

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.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error