With the launch of the NFT ETF Trading Zone, the KuCoin exchange has taken another step toward developing the NFT market. On the basis of the USDT stablecoin, the product is intended to lower entry barriers for over 20 million users and make NFT investments with blue-chip backing possible.

The new NFT ETF Trading Zone will serve as an investment venue for users interested in NFT ETF trading. KuCoin's collaboration with the Fracton Protocol enabled the availability of liquidity as well as technical functionality. The protocol's native BAYC token, which is used within the Fracton Swap service, will be the first asset traded on NFT ETF Trading Zone in the form of the hiBAYC ERC-20 token, which represents 1/1,000,000 BAYC ownership. Other assets that will be listed as the basis for ETF trades on the NFT ETF Trading Zone when it launches include hiPUNKS, hiSAND33, hiKODA, and hiENS4. As the NFT ETF Trading Zone grows in popularity, more assets will be added to the lineup.

"As a trading platform that is maintaining its rate of penetration in the NFT sector, KuCoin will continue to offer user-friendly products for investors, allowing them to easily participate in NFT investments," stated Johnny Lyu, CEO of KuCoin, at the NFT ETF Trading Zone's launch.

The launch of NFT ETF Trading Zone coincides with the release of two other NFT-related products by KuCoin. The exchange launched the Wonderland NFT launchpad in April, followed by the Windvane NFT Marketplace in May, bolstering its market position as a one-stop shop for all NFT-related operations. KuCoin's products provide users with convenient wallets, minting, exchange, trade, and launchpad services, as well as low commissions and advanced functionality.

"We are thrilled to be the first centralized crypto exchange to support NFT ETFs, which will enable users to invest in and trade top NFTs directly with USDT." KuCoin will continue to investigate more NFT-related products for our users in the future," Johnny Lyu concludes.

KuCoin is committed to advancing the use of the NFT ETF Trading Zone, positioning it as a go-to solution for ETF NFT investments based on the USDT stablecoin's stable and predictable pricing. The exchange is confident that the NFT ETF Trading Zone will bring maturity to the NFT sector and enable millions of users to trade the NFTs of numerous appealing and trendy projects.