Kraken has decided to launch its own platform for transactions with tokenized collections.

According to the trading platgform, the marketplace will be deployed on Ethereum and Solana. The company plans to launch this platform despite the decline in NFT trading volume. According to it, user activity will soon begin to increase, and investment in digital collections will increase.

The exchange will attract NFT buyers to its platform with low commissions. The platform may eliminate transaction fees altogether in the first phase after the launch of the marketplace.

Kraken has noted:

“We don’t plan to focus on any timeline, we are in the business of introducing technology that provides independence and financial freedom.”