Kraken, a renowned cryptocurrency exchange, is shutting down its NFT marketplace after operating it for nearly two years. This move comes as the market for NFTs undergoes significant changes, influencing the company’s strategy in prioritizing other projects.
With the NFT market facing fluctuations and uncertainties, Kraken's decision reflects broader trends within the crypto industry where exchanges are refining their offerings to adapt to evolving conditions.
Kraken's focus may shift towards strengthening its other crypto-related services as it seeks to navigate these challenging times in the digital asset market.
