Kraken is working on a marketplace where customers can take ou | BitcoinBreaking - Your source for CryptoNews

Kraken is working on a marketplace where customers can take out loans backed by their NFTs

Cryptocurrency exchange Kraken is developing a marketplace where customers can use their non-fungible tokens as collateral for loans, according to a Bloomberg interview with CEO Jesse Powell.

Kraken's marketplace would provide custody services and could appeal to people who want to do more with their NFTs beyond collecting, Powell said. He told Insider in an interview earlier this month that Kraken was aiming to open an NFT marketplace as early as February.

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