The cryptocurrency exchange platform Bitmart launch a NFT marketplace

The new market will be available from June

On May 25, Bitmart announced the newest addition to its services: an exclusive marketplace for non-fungible tokens (NFTs). Registered users on the platform will be able to directly purchase NFTs available on the BitMart marketplace using the cryptocurrency assets in their spot market account.

This new marketplace will be available from June 6, 2022, and will allow users to use their existing account to purchase NFTs without the need to register a new wallet. Once NFTs are selected, BitMart will deduct the corresponding assets.

According to the user guide published by the Bitmart team, BitMart NFT will support fixed-price NFTs. In addition, to celebrate this launch with the world, the platform is announcing that all transactions on the NFT marketplace will feature zero fees for a limited time.

For the fees that the marketplace will work with, developers said they would use a fixed 1% trading fee, and royalty fees that sellers must compensate the original creators of the NFTs each time the NFT is sold.

The team specified that users must complete KYC level 2 to be eligible to participate in BitMart NFT marketplace activities. The BitMart NFT marketplace will only be available on the website for now, however, the mobile app version will be launched soon.

About BitMart

BitMart is a global cryptocurrency exchange that allows individuals and institutions to buy, sell, and trade over 1,000 cryptocurrencies. In addition to advanced cryptocurrency spot and futures trading dashboards, BitMart offers a simple buy/sell crypto feature for beginners and a range of crypto-earning opportunities.