Magic Eden to Close Bitcoin and EVM Marketplaces, Sunset Multi-Chain Wallet

Magic Eden to Close Bitcoin and EVM Marketplaces, Sunset Multi-Chain Wallet

Magic Eden will shut its Bitcoin and EVM trading platforms by March 2026 and discontinue the multi-chain wallet by April, focusing operations entirely on its Solana-based ecosystem.

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Fact Check
The statement that Magic Eden announced the closure of its Bitcoin and EVM marketplaces and discontinuation of its multi-chain wallet appears supported by multiple secondary reports and social media discussions. A crypto news article from Blockspace Media directly claims that Magic Eden plans to shutter these products, and posts on X from journalists and community members echo the same information. These reports are recent and consistent, suggesting a genuine announcement or confirmed plan. However, none of the available documents include an official post or press release from Magic Eden itself, which would represent the definitive primary source. The absence of direct confirmation from Magic Eden reduces the certainty of the claim, though the corroboration across independent crypto media implies that it likely originated from an authentic announcement. Therefore, the statement is assessed as likely true, but with medium confidence until verified by an official Magic Eden communication.
Summary

Magic Eden, a leading NFT marketplace with deep ties to the Solana blockchain, announced it will close its Bitcoin and EVM-based trading platforms by early March 2026. The company will also discontinue its multi-chain wallet, transitioning it to export-only mode in mid-March before full closure in early April. This shift marks a strategic refocus on Solana NFTs, with support for the Solana marketplace remaining unaffected.

Terms & Concepts
  • EVM (Ethereum Virtual Machine): A computing environment that executes smart contracts (self-executing blockchain code) on Ethereum and compatible chains.
  • Multi-chain wallet: A crypto wallet that supports managing and transacting assets across multiple blockchains in one interface.
  • NFT marketplace: A platform where users can buy, sell, and trade non-fungible tokens (NFTs) representing unique digital assets on a blockchain.