Kraken Set To Let Users Borrow Funds Against Their NFTs
US crypto exchange Kraken is working on a new functionality which would enable its users to borrow funds against their non-fungible tokens (NFTs), according to the company's CEO, Jesse Powell. “If you deposit a CryptoPun...
US crypto exchange Kraken is working on a new functionality which would enable its users to borrow funds against their non-fungible tokens (NFTs), according to the company's CEO, Jesse Powell.
“If you deposit a CryptoPunk on Kraken, we want to be able to reflect the value of that in your account. And if you want to borrow funds against that,” Powell told Bloomberg, explaining the exchange was developing a system that would determine the liquidation value of users’ NFTs. ...
Read More: Kraken Set To Let Users Borrow Funds Against Their NFTs
Original source
Read on CryptonewsRelated market context
Kraken Becomes Official Crypto Exchange Supporter Of FIFA World Cup 2026
TL;DR Kraken says it has become the Official Crypto Exchange Supporter of the FIFA World Cup 2026. The tournament expands to 48 te...
Crypto exchanges are opening a two-front war for the stock market
Binance, Kraken, Bybit, and Gemini are moving to add US stocks and ETFs to their crypto trading apps, making a direct play for the...
Kraken Adds USDCx Support On Canton As Institutional Stablecoin Rails Expand
TL;DR Kraken says it now supports USDCx deposits and withdrawals on the Canton Network. USDCx is described as a Canton-native stab...
Kraken named to FXC Intelligence’s 2026 Cross-Border Payments 100
TL;DR Payward and Kraken have been named to FXC Intelligence’s 2026 Cross-Border Payments 100, the eighth annual market list of th...
Kraken scores FIFA World Cup 2026 sponsorship just days before Brazil-Morocco opener
Kraken's FIFA partnership signals a heightened trust in crypto exchanges, potentially revitalizing crypto-sports sponsorships post...
Bitcoin price faces new risk as big buyers lose conviction
Bitcoin’s largest buyers are no longer behaving like a reliable backstop for the largest cryptocurrency. The exchange-traded funds...