The new product will help over 20 million KuCoin users to access blue chip non-fungible tokens (NFTs) through direct purchases with USDT, instead of ETH, the cryptocurrency exchange said.
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Fast facts
- KuCoin is partnering with Fracton Protocol and will initially list five NFT exchange-traded funds (ETFs) covering hiBAYC, hiPUNKS, hiSAND33, hiKODA, and hiENS4 as underlying assets, a statement said.
- KuCoin’s NFT ETF trading zone will first support hiBAYC token trading, which allows users to proportionally own shares of native blue-chip NFTs, and has plans to launch more NFT ETFs in partnership with Fracton Protocol going forward.
- In May, the company introduced Windvane, another NFT marketplace providing NFT launchpad, NFT mint, trade, management, and other services.
- KuCoin in April launched Wonderland, its interactive NFT platform for crypto and traditional games, which allows users to enjoy a centralized experience in buying, investing, and managing their in-game NFTs.
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