Kraken will close its NFT marketplace by 27 February 2025, shifting focus to new projects. Starting 27 November, the platform will enter withdrawal-only mode. The move follows market saturation and declining demand, making growth challenging for NFT platforms.
CatherineWilliams Racing, the British Formula 1 (F1) team, has unveiled their NFT-adorned car, showcasing non-fungible tokens (NFTs) on the rear wing. This initiative is part of their ongoing partnership with crypto exchange Kraken, which opened up a unique opportunity for NFT holders.
AaronThe crypto market’s steady growth since the start of 2023 was checked by pronounced losses this week.
decryptBloomberg reported that the investigation was at an “advanced stage” and “could lead to a settlement in coming days.”
BeincryptoIn response to a poor cryptocurrency market, Kraken has chosen to cease operations in Japan for a second time.
CryptoknowmicsAccording to a recent report, Kraken's new CEO, Dave Ripley, announced that he does not intend to register Kraken with SEC.
BitcoinistJesse Powell, Kraken CEO, talks more in detail about why he decided to shut down Kraken’s headquarters in San Francisco. ...
BitcoinistJesse Powell said that starting in 2022, the exchange will expand into a marketplace for non-fungible tokens and NFT-backed loans.
CointelegraphKraken was previously aiming to implement the BItcoin Lightning Network in 2021 after officially announcing the plan in late 2020.
CointelegraphAccording to the exchange, users will not incur any gas fees for trading NFTs custodied with Kraken — only transferring tokens and NFTs off the platform.
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