Binance Ends Exchange NFT Support, Moves Management to Wallet
Binance will end NFT support on its exchange, move NFT custody to the self-custodial Binance Wallet and require withdrawal of transferable NFTs by July 3.
Binance announced Wednesday it will end NFT support on Binance Exchange and move NFT management to the self-custodial Binance Wallet. Transferable NFTs held on the exchange must be withdrawn by July 3 or will become inaccessible on the platform.
The company said the Binance Wallet lets users control private keys and interact directly with decentralized applications. Binance wrote the wallet will provide users with “easier access to Web3 and decentralized features.”
Transferable NFTs must be moved off the exchange by the July 3 deadline. NFTs that are non-transferable by design cannot be withdrawn. For non-transferable tokens issued for course completion, Binance Academy will provide PDF certificates to holders as an alternative to withdrawal.
Binance will run two one-month promotions to offset withdrawal fees. One promotion covers general NFT withdrawals for non-CR7 NFTs and a separate promotion covers CR7 NFT withdrawals. The exchange said it will select up to 100,000 users and credit each eligible user 1 USDC to their Binance spot account by July 3 for an eligible withdrawal. The announcement did not disclose selection criteria beyond basic eligibility.
The exchange directed holders to transfer assets into the Binance Wallet, describing it as a self-custodial option that places custody and related interactions under user control rather than on the central exchange.
Other crypto platforms have reduced or altered NFT services in recent years. Kraken closed its NFT marketplace in February 2025. OpenSea stopped supporting BNB Smart Chain-native NFTs in August 2023.
Market data shows leading collections remain far below their 2022 highs: CryptoPunks’ floor price is about 30.9 ETH, down roughly 61% from its July 2022 peak of 80.9 ETH, while the Bored Ape Yacht Club floor is near 7.9 ETH, about 93% below its May 2022 high of 128 ETH.
Users who do not withdraw transferable NFTs by July 3 will lose exchange access to those tokens. Binance’s announcement did not specify support extensions or exceptions beyond the fee reimbursement promotions and the PDF certificate program for non-transferable items.
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