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 For non-transferable NFTs that can’t be withdrawn by design, Binance Academy will provide a PDF certificate of course completion.
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The decision shows that more exchanges are winding down support for NFTs and refocusing on other areas, such as tokenized assets. Binance is the latest exchange to wind down support for NFTs after similar moves from other platforms, such as crypto exchange Kraken, which shut down its NFT marketplace in February 2025.
NFT marketplace OpenSea also announced halting support for BNB Smart Chain-native NFTs in August 2023.
Binance announces a halt to NFT support
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