KuCoin to Become the First CEX to Develop a NFT ETF for Blue Chip NFT Trades

On July 29, Kucoin, a digital asset exchange, announced its campaign to launch a NFT ETF. The offer will enable millions of users worldwide to purchase NFTs by lowering the assets' price threshold.

Timeline of Kucoin-token

KuCoin has become the first centralized trading platform on the market to offer blue-chip NFT investments with the launch of the NFT ETF product aimed at over 20 million users.  According to a press release Coinfomania gained access to, the innovative trading product lowers entry thresholds for millions of users and allows for the release of a USDT blue-chip basis for NFTs, fast-tracking top Non-Fungible Tokens up the market.

The KuCoin exchange debuted USDT-dominated NFT ETFs and the new investment product aims to increase liquidity and access to leading NFT token collections like BAYC so let's read more today in our latest cryptocurrency news.

The KuCoin exchange has made another step to developing the NFT market with the launch of the NFT EFT Trading Zone. The product is intended to lower entry barriers for over 20 million users and make NFT investments with blue-chip backing possible on the basis of the USDT stablecoin.

Crypto exchange KuCoin has started offering fractional ownership of blue-chip NFT collections via an Exchange-Traded Fund. The post KuCoin Launches Landmark NFT ETF, Tracking Major Collections appeared first on BeInCrypto.

Cryptocurrency exchange KuCoin announced on Friday the launch of NFT exchange-traded funds (ETFs) to allow fractional ownership of popular digital tokens, such as Bored Ape Yacht Club (BAYC), to its users. The exchange stated the offering was aimed at improving the liquidity of NFT assets and lowering the investment threshold of blue-chip NFTs.

KuCoin CEO Johnny Lyu says that the digital asset exchange is launching a new fund to address fear, uncertainty, and doubt (FUD) along with misinformation in the crypto space. Earlier this month, Lyu had to address claims that KuCoin is facing financial troubles due to its exposure to embattled crypto projects.

KuCoin Pool, a leading mining pool built by KuCoin, is sponsoring Mining Disrupt 2022. The current market climate and strategies to combat it will be the primary topic of the conference.

The CEO of the crypto exchange has announced his plans to launch a fund that will be targeted to tackle FUD (fear, uncertainty, and doubt) in the crypto market.  Fund To Tackle Misinformation CEO Johnny Lyu unveiled his plans for the fund on Tuesday via a detailed Twitter thread.

The KuCoin CEO thinks India is an emerging key market for crypto right after the rumors about its insolvency emerged as we can see more today in our cryptocurrency news. The trading platform witnessed some high withdrawals but soon the situation stabilized according to KuCoin CEO Johnny Lyu.

KuCoin CEO Johnny Lyu in a conversation today said India is an important market for the company and plans future investment and infrastructure construction in the Indian market. He also revealed massive growth in new users in 2022, with Indian users contributing over 1000% in growth.