Binance set to end Bitcoin NFT support despite recent surge in interest | Headlines | News | CoinMarketCap

04/04/2024 22:42
Binance set to end Bitcoin NFT support despite recent surge in interest | Headlines | News | CoinMarketCap

Crypto exchange Binance is set to end support for Bitcoin NFTs less than a year after they were introduced to its marketplace. Binance said in a …

Crypto exchange Binance is set to end support for Bitcoin NFTs less than a year after they were introduced to its marketplace.

Binance said in a blog post on Thursday it would not support any further airdrops, benefits, or utilities associated with Bitcoin NFTs after April 10, citing “ongoing efforts to streamline product offerings” on its NFT marketplace.

The platform will then cease support for trading and deposits of Bitcoin NFTs at 6 a.m. UTC on April 18. This means users will no longer be able to buy, bid for, or list NFTs on the marketplace, and existing orders will be canceled at that time. Binance also advised users to withdraw their Bitcoin NFTs before 12 a.m. UTC on May 18.

Explicitly referring to Bitcoin-based Runestone NFTs, Binance said users who met the conditions for the …

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