Binance to end NFT support on exchange, shift service to wallet
Binance is ending NFT support on Binance Exchange and shifting NFT management to Binance Wallet, its self-custodial wallet. The move is framed as improving access to Web3 and decentralized features. Users have until July 3 to withdraw transferable NFTs before they become inaccessible on the exchange. Non-transferable NFTs cannot be withdrawn, and Binance Academy will provide PDF completion certificates for those courses. Binance will also reimburse NFT withdrawal fees for one month through two promotions: one for general NFT withdrawals and one for CR7 NFTs. Up to 100,000 users can receive 1 USDC each, credited to spot accounts by July 3. The shutdown reflects a broader retreat from NFT support across exchanges as attention shifts toward other crypto products, including tokenized assets. NFT markets remain weak, with major collections still far below their 2022 peaks.
