Binance announced on June 3 that it will shut down its NFT platform by July 3, 2026, at 23:59 UTC, ending a service that once handled over $50 billion in annual trading volume but now operates in a market generating only about $5.5 billion in 2025.
Withdrawal Deadline and Fee Reimbursement
Users must withdraw transferable NFTs from the exchange before the cutoff or lose access. Non-transferable NFTs — such as completion certificates from Binance Academy — cannot be withdrawn and will become inaccessible after the deadline. Academy users will receive PDF replacements.
To ease migration, Binance is offering a limited-time subsidy: from June 3 to June 17, the first 100,000 users who transfer eligible non-CR7 NFTs via BNB Smart Chain or Ethereum will receive 1 USDC to cover typical onchain withdrawal fees. Credits will be paid by July 3.
Special Treatment for CR7 NFTs
Holders of CR7 NFTs who complete withdrawals on BNB Smart Chain before July 3 will have their withdrawal fees refunded by July 19.
NFT Winter Deepens
The closure follows earlier cuts: Binance dropped Bitcoin Ordinals support in April 2024 and removed Polygon network in September 2023. Market conditions have worsened dramatically — CryptoSlam data shows 2025 annualized NFT trading volume at $5.5 billion, down 89% from the 2022 peak of over $50 billion. Q4 2025 volume was $1.25 billion, down 28% quarter-over-quarter; December contributed only $303 million.
Several NFT platforms, including Nifty Gateway, Kraken NFT, and X2Y2, have also shut down amid the prolonged downturn.
Binance Expands into Stocks and Tokenized Assets
While winding down NFTs, Binance is moving into traditional finance. It now offers trading of over 7,000 U.S.-listed stocks and ETFs to eligible non-U.S. users, with fractional purchases from $5 and round-the-clock weekday access. The service is powered by Alpaca, in which Binance holds a minority stake. Additionally, Binance plans to launch bStocks, allowing users to convert equity holdings into onchain assets in the coming weeks.