Kraken plans to open NFT marketplace to attract collectors and speculators

“It could get there if we’re getting a ton of requests from customers, or Elon’s tweeting about it,” Powell said. 

From there, the coin heads to a review committee made of lawyers, analysts, and engineers that assess how to classify the token, and determine the legality behind listing the coin in various regions. 

For Powell, the decision to list the Shiba-Inu token was heavily rooted in customer interest. 

 “There’s not incredibly interesting new technology there or anything, it’s just largely community-driven interest. It’s basically a meme-coin that has the community’s attention and sometimes you have to just list those,” said Powell.