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Coinbase poised to launch NFT marketplace

US crypto exchange plans to allow users to create, buy and sell digital collectibles by end of year

Coinbase plans to launch a marketplace for non-fungible tokens (NFTs) as the largest US exchange for trading crypto assets joins the boom in digital collectibles.

The exchange, which listed in New York earlier this year and has recently faced heightened scrutiny from regulators, announced that Coinbase NFT would let users create, buy or sell the increasingly popular digital tokens, that represent artworks or other collectibles.

The company said it wanted to “allow everyone to benefit from their creative spark” and to help turn the “creator economy” into a central driver of the real economy.

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