The world’s largest cryptocurrency exchange by trading volume, Binance, announced that its NFT marketplace Binance NFT will be making changes to its product offerings, focusing on streamlining operations and optimizing user experience. Accordingly, Binance NFT will end its support for all Bitcoin NFTs.
Binance NFT to Cease Support for Bitcoin NFTs
The cryptocurrency exchange recently announced that Binance NFT will cease support for trading and depositing Bitcoin NFTs starting from 09:00 AM Turkey Standard Time (TSI) on April 18, 2024. Binance recommends users to withdraw their Bitcoin NFTs via the Bitcoin network from the platform before 03:00 AM TSI on the specified date to ensure a smooth transition.
From 09:00 AM TSI on April 18, 2024, users will no longer have access to buy, deposit, bid on, or list Bitcoin NFTs on the Binance NFT Marketplace using the Bitcoin network. All listing requests for the affected NFTs will be automatically canceled starting from today.
In addition, Binance NFT will also end support for any AirDrops, benefits, or utilities related to Bitcoin NFTs after April 10, 2024.
Warning Issued for Runestone NFTs
On the other hand, Binance NFT reminded that NFTs earned through an AirDrop for eligible Runestone NFT users were distributed to the appropriate accounts before 01:00 PM today. Binance stated that users who qualified for the AirDrop must withdraw the distributed NFTs by 01:00 PM TSI on April 10, 2024. Binance warned that if the NFTs are not withdrawn within the specified time frame, the assets could be lost.
It is important to remember that Runestone NFT trading will not be supported on Binance NFT. Users who own these NFTs must take the recommended measures to avoid losing their assets and to maintain access to related benefits.
