FTX to Launch NFTs Marketplace

Cryptocurrency and derivatives exchange, FTX is the latest to  launch its NFTs Marketplace. The decision to launch the NFT platform is to leverage on the NFTs rave and the increased volume in the purchase of Non-Fungible tokens according to reports.

However, the FTX marketplace will only be available to users of the exchange that are based in the United States. They’ll be able to use the platform to mint, purchase or make sales of their NFTs. NFTs that are traded across Solana and Ethereum blockchains would be available for trade on the launched marketplace. 

See also:El Salvador Purchases Additional 200 Bitcoins Ahead Adopting Bitcoin as a Legal Tender Today

Likewise, the  deposit  and withdrawal feature is expected to be integrated into the marketplace as soon as possible. This will enable the trading of external NFTs to be listed for trading on the platform via deposits.

There is a current word art that reads “test” on the newly launched marketplace. It has a bid of $13,000 with about 1 hour left at the time of this publication. 

Cryptocurrency Exchanges Leveraging on the NFTs Rave

FTX isn’t the only exchange that has launched an NFT marketplace to capitalize on the volume from the industry. OpenSea; an NFT platform, crossed 3billion in volume last month. This might have prompted exchanges to create their native marketplaces for NFTs.

Read more:Oil Producers and Miners Meet in Texas to Discuss Bitcoin Mining

This year has seen Binance, the largest cryptocurrency exchange, launching an NFT marketplace around June this year with a unique 100 creators project.

Okex is another cryptocurrency exchange that has launched its own native Non-Fungible tokens marketplace where its users can mint, buy and sell NFTs.

What do you think? Share your comments below