Binance will discontinue its centralized non-fungible token (NFT) service on July 3, 2026, giving users until the deadline to transfer their assets to Binance Wallet or any compatible external wallet. After the cutoff, remaining assets on the platform will no longer be accessible.
The exchange described the move as an “upgrade” rather than a shutdown. However, NFTs not withdrawn by 23:59 UTC on July 3 will become inaccessible through the Binance Exchange interface, according to its official notice.
Non-transferable NFTs, including course completion certificates issued via Binance Academy, will also be affected. These assets cannot be moved off-platform and will expire after the deadline. Binance said affected users will instead receive PDF certificates as replacements.
To ease the transition, Binance will reimburse withdrawal fees for up to 100,000 users transferring non-CR7 NFTs to Binance Wallet via BNB Smart Chain or Ethereum between June 3 and June 17. Eligible users will receive 1 USDC, intended to cover the typical on-chain transaction cost, credited by July 3.
Holders of CR7-branded NFTs are subject to a separate reimbursement scheme. Withdrawals completed on BNB Smart Chain before July 3 at 23:59 UTC will be refunded, with payments expected by July 19.
The decision marks another step back from Binance’s earlier NFT ambitions. The company previously ended support for Bitcoin Ordinals in April 2024 and removed the Polygon network from its NFT marketplace in September 2023.
The broader NFT sector has also faced sustained contraction. Annualized trading volume across all blockchains stood at about $5.5 billion in 2025, down sharply from over $50 billion at the 2022 peak, according to The Block’s data. In Q4 2025 alone, volume fell to $1.25 billion, a 28% quarterly decline, with December activity dropping to just $303 million.
Several major NFT platforms, including Nifty Gateway, Kraken NFT, and X2Y2, have already shut down, reflecting weakening market momentum. A 2026 outlook from The Block Research suggests the downturn is likely to continue, with no significant recovery expected in NFT marketplace activity.
