Kraken NFT Platform Exits Beta, Expands Offering

Cryptocurrency exchange Kraken has officially launched its NFT platform out of beta testing, supporting over 250 non-fungible tokens (NFTs) across the Ethereum, Solana and Polygon blockchains.
The company launched a public beta version of its NFT platform in November. Initially, it offered support for a curated selection of 70 NFT collections on Ethereum and Solana.
As part of its public launch, the platform has pledged to include not only blue-chip projects like CryptoPunks and Bored Ape Yacht Club, but also more affordable collections that can be bought for under $100, the crypto and NFT news website CoinDesk reported.
Kraken NFT marketplace says it will not charge gas fees to customers who buy and sell NFTs on the platform. However, it specifies that "gas fees will be incurred when transferring NFTs and other crypto assets on and off the Kraken platform."
Users have the choice to pay in fiat or cryptocurrency, and listings will have built-in rarity rankings. Kraken says MetaMask and Solana's Phantom wallet are currently supported and WalletConnect will be added in the future.
Kraken's latest release comes amid a broader regulatory crackdown against the crypto industry. While US exchanges are facing lawsuits from the US Securities and Exchange Commission, Canada recently tightened its regulatory framework for digital asset trading.
The exchange has remained in Canada despite its crypto crackdown while competitors like Binance and OKX have announced their departures, allowing it to usurp the market and grow its customer deposits by 25% in the weeks following the exits. 
Kraken remains available to US customers with some state-by-state trading restrictions.