Binance, a prominent cryptocurrency exchange, has announced its decision to discontinue support for Bitcoin non-fungible tokens (NFTs) on its marketplace by April 18, as stated in an April 4 announcement.
Effective April 18, users will no longer have the option to buy, deposit, bid on, or list NFTs on the Binance NFT Marketplace via the Bitcoin network, according to the exchange. Additionally, all impacted listing orders will be automatically canceled at 06:00 (UTC) on April 18. Furthermore, support for airdrops, benefits, or other utilities associated with the Bitcoin NFTs will cease by April 10.
The move comes less than a year after Binance initially enabled support for these digital assets and is attributed to the exchange’s ongoing efforts to streamline its product offerings within the NFT marketplace. However, Binance did not provide details regarding whether trading volumes or user demand influenced the decision.
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