Crypto exchange Okcoin has just announced the launch of a non-fungible token (NFT) marketplace, Bloomberg has reported.
The exchange, which was founded back in 2013 in San Francisco, also intends to expand its customer base through NFTs.
Following the launch of this platform, the exchange has begun competing with Coinbase, Kraken and Gemini. Collections such as Bored Apes, World of Women, Boss Beauties and Crypto Punks will be available to users on its platform.
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NFTs will be issued on the Ethereum, Polygon and Binance Chain blockchains.
According to Hong Fang, CEO of the exchange, one of the main advantages of the marketplace will be the absence of maintenance fees.
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Stephanie Wissink, an analyst at Jefferies, has said the NFT market will exceed $80 billion by 2025. This year, trading volume will rise to $30 billion.