Binance announced on June 2 that it will end non-fungible token (NFT) services on its exchange on July 3, 2026, meaning users will have 30 days to withdraw their digital assets. Any assets not withdrawn by that date will no longer be accessible.
Transferable NFTs (unique tokens that prove ownership of digital assets such as images or audio files) can be sent to the Binance wallet, the exchange’s own Web3 product, or other compatible wallets, the statement said.
Some NFTs on Binance are non-transferablebecause the transfer functionality of the smart contract is disabled and is designed so that it cannot be moved from one wallet to another from the time of its creation.
These non-transferable NFTs are primarily Course certificates, achievement badges, and membership tokens in exchange. It is “tied” to a Binance account by design, so holders have no way to withdraw it. According to the exchange, these assets will become visible and inaccessible on July 3.
The announcement did not detail how many users are in this situation or how many NFTs of this type exist on the platform. The only compensation is Binance Academy issues PDF certificates to those holding non-transferable NFTs It certifies courses completed on its education platform.
Binance to refund NFT withdrawal fees
To encourage withdrawals during the transition period, Binance has announced two fee refund promotions. The first will target up to 100,000 users who withdrew NFTs not linked to a collection called CR7 (due to its association with soccer player Cristiano Ronaldo) to Binance Wallet before June 17th. Each eligible user will receive 1 USDC. This is the amount quoted by the exchange to be enough to cover at least one withdrawal on the BNB chain or Ethereum network.
The second is for CR7 Collection NFT withdrawals made on the BNB Chain before July 3rd, without any declared user restrictions. As reported by Binance, both refunds will be credited to your exchange account.
Finally, the closure of NFT services on exchanges is part of a broader decline in the non-fungible token market. In April 2026, Foundation, one of the reference platforms for digital artists on Ethereum, announced its final closure following a failed sale, as reported by CriptoNoticias. Upon closure of the Foundation, associated images and video files have been removed. NFTs had only a one-year availability guaranteeThere are no guarantees after that.
(Tag Translation)Binance
