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Binance to Move NFT Service to Binance Wallet, End Centralized Platform Support on July 3, 2026

Binance to Move NFT Service to Binance Wallet, End Centralized Platform Support on July 3, 2026

Binance is ending NFT support on its exchange as market volumes slump, offering limited withdrawal incentives and separate reimbursement terms for CR7 holders ahead of the cutoff.

USDC

Fact Check
Binance's own official X account (@binance) posted the announcement on June 3, 2026 confirming the migration of NFT services to Binance Wallet with a July 3, 2026 deadline for withdrawing transferable NFTs. The PANews article independently corroborates all specifics in the claim, including the one-month withdrawal window beginning June 3, 2026 and the Binance Academy non-transferable NFTs being replaced with PDF certificates. The claim accurately summarizes both the official announcement and the supporting coverage.
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Summary

Binance said its NFT service will migrate to Binance Wallet, with support on its centralized platform ending on July 3, 2026. Users holding transferable NFTs must withdraw them to Binance Wallet or another compatible wallet during a one-month window beginning June 3, 2026, or risk losing access after the deadline. Non-transferable NFTs, including Binance Academy certificates and certain event-based NFTs, will become inaccessible after the cutoff, though Binance said it will issue PDF certificates for course-completion assets. The exchange is offering 1 USDC to as many as 100,000 users who complete eligible non-CR7 NFT withdrawals by June 17, 2026, while holders of Cristiano Ronaldo-linked CR7 NFTs are eligible for reimbursement until July 19. The move comes as NFT trading activity has fallen sharply from about $23.8 billion in 2022 to roughly $8.9 billion in 2024 and around $1.2 billion in 2026 so far, with platforms including Nifty Gateway, Kraken NFT and X2Y2 also shutting down NFT operations.

Terms & Concepts
  • NFT: A non-fungible token is a unique blockchain-based digital asset that can represent ownership of an item, collectible, or credential.
  • Binance Wallet: A wallet service from Binance designed for users to manage digital assets outside the exchange’s centralized custody system.
  • Self-custodial wallet: A wallet in which the user controls access credentials directly and is responsible for security and recovery.