KuCoin’s teamed up with Fracton Protocol and launched NFT ETF Trading Zone on Friday. The new product aims to improve liquidity and NFT exposure via the USDT instead of Ethereum.
Seychelles-headquartered cryptocurrency exchange KuCoin has launched an exchange-traded fund tied to major nonfungible token assets like Bored Ape Yacht Club .. The new investment product is launched in collaboration with NFT infrastructure provider Fracton Protocol.
The ETF aims to increase liquidity as it enables exposure to NFTs via the USDT stablecoin instead of Ether . It also eliminates the risks and concerns around managing NFT infrastructure elements like wallets, smart contracts and marketplaces like OpenSea. The ETF marks an important milestone in KuCoin’s efforts to accelerate the establishment of the NFT market by lowering the investment threshold of leading digital collectibles.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
KuCoin Claims Bragging Rights as First Exchange to Offer NFT ETFsCrypto exchange kucoincom is offering customers fractional NFT ownership of blue-chip collections in the form of an exchange-traded fund. IanAllison123 reports
Read more »
CoinDesk Podcast Network: THE HASH: Babel Finance Reportedly Lost $280M Trading Customer Funds, and KuCoin to Offer NFT ETFs on Apple Podcasts'I think this particular use shows how estates can now look at music that has not been released, release it, ensure they are getting royalties, and contribute back into the culture.' JennSanasie OneOfNFT collaborates with Biggie Smalls’ estate.
Read more »
SudoSwap: Reconceptualizing NFT TradingTimes of market exuberance can often blind investors to the existence of alternative technical solutions. The barrage of investment opportunities that
Read more »
Professional soccer club Crawley Town FC signs midfielder after NFT voteNFTs in the transfer window 👀 Crawley Town F.C. has followed through on a community vote by fans and NFT holders who were recently given a voice on what type of player the team should recruit next.
Read more »
Miami partners with Time, Mastercard, Salesforce to offer NFT collectionMiami plans to roll out an NFT collection in December with the help of Mastercard, Salesforce and TIME.
Read more »
Step Finance Acquires SolanaFloor to Provide DeFi, NFT Data Insights.stepfinance_ has acquired solanafloor for an undisclosed amount in order to bolster its DeFi and NFT data on Solana. camlearnscrypto reports
Read more »