Binance Ends Support for Bitcoin NFTs, Users Urged to Withdraw
- Binance to halt trading and deposit services for Bitcoin NFTs on April 18, 2024, urging users to withdraw their assets by May 18.
- The cessation of Bitcoin NFT services on the Binance NFT Marketplace includes ending support for airdrops, benefits, and utilities related to Bitcoin NFTs post-April 10, 2024.
In a recent post on April 4, cryptocurrency exchange Binance announced that it will discontinue trading and deposit services for Bitcoin NFTs starting from April 18, 2024, at 06:00 UTC. Users are advised to withdraw their Bitcoin NFTs from the Binance NFT Marketplace via the Bitcoin network before May 18, 2024, at 00:00 UTC.
Binance NFT will cease support for trades and deposits of Bitcoin NFTs at 2024-04-18 06:00 (UTC). Users are advised to withdraw their Bitcoin NFTs from the Binance NFT Marketplace via the Bitcoin network before 2024-05-18 00:00 (UTC). https://t.co/1DgtHMRRdo
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“Starting from 2024-04-18 06:00 (UTC), users will no longer be able to buy, deposit, bid on, or list NFTs on the Binance NFT Marketplace via the Bitcoin network. All impacted listing orders will be automatically canceled at 2024-04-18 06:00 (UTC),” reads the announcement.
According to the announcement, this move is in line with Binance's continuous efforts to refine the range of products available on the Binance NFT Marketplace. Moreover, it also stated that after April 10, the Binance NFT Marketplace will no longer support airdrops, benefits, or utilities related to Bitcoin NFTs.
Edited by Harshajit Sarmah
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