Binance to end NFT support on exchange, shift service to wallet
Binance exchange said it will move NFT support from its exchange to its non-custodial wallet and offered users 30 days to migrate their NFTs.
Binance announced it is shutting down support for non-fungible tokens on Binance Exchange and moving NFT management to its self-custodial cryptocurrency wallet, Binance Wallet.
The exchange said this will offer NFT holders “easier access to Web3 and decentralized features,” according to a Wednesday announcement.
NFT Holders have until July 3 to withdraw their transferable NFTs from the platform before they become inaccessible. For non-transferable NFTs that can’t be withdrawn by design, Binance Academy will provide a PDF certificate of course completion.