Today news
About the same in other media
Kraken Set To Let Users Borrow Funds Against Their NFTs
Reading now: 343
US crypto exchange Kraken is working on a new functionality which would enable its users to borrow funds against their non-fungible tokens (NFTs), according to the company's CEO, Jesse Powell.
“If you deposit a CryptoPunk on Kraken, we want to be able to reflect the value of that in your account. And if you want to borrow funds against that,” Powell told Bloomberg, explaining the exchange was developing a system that would determine the liquidation value of users’ NFTs.
The exchange’s forthcoming NFT marketplace will also provide custodial services to its users.
The latest development comes as a number of crypto exchanges are intensifying their efforts to accommodate more business from NFT owners and to integrate new NFT-oriented features
Read more on cryptonews.comAbout this in other media
Accounting firms set up operations in the metaverse fnlondon.com /2 years ago
US & Russian officials set to meet in Geneva amid Ukraine tensions euronews.com /2 years ago
Private equity investor set to exit stake in one of UK’s largest adviser platforms fnlondon.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
