Crypto exchange FTX launches NFT marketplace for US-based customers

Crypto exchange FTX launches NFT marketplace for US-based customers


After witnessing the parabolic growth of the non-fungible token (NFT) ecosystem since the turn of the year, popular cryptocurrency exchange FTX have become the latest crypto platform to announce the launch of a native NFT marketplace.

Exclusive for United States-based customers, the platform will enable users to mint, buy and sell NFTs — all traded cross-chain across the Ethereum and Solana blockchains. Deposits and withdrawals are also expected to be launched in the coming weeks, opening up the capability of depositing external NFT’s onto the platform.

In a public display of the new feature, the exchange has launched a word-art style image that simply reads “Test.” The image has a current bid of $1,100 and a remaining time of 19 hours.

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In an interview with CNBC’s Street Signs Asia two weeks ago, FTX founder Sam Bankman-Fried expressed caution over the rapid growth of the NFT space, suggesting that investors could become susceptible to vulnerability in such a dynamic market if improperly educated

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