Binance has announced the migration of its $NFT service to Binance Wallet as part of an effort to deliver a more streamlined and integrated $NFT experience with enhanced access to web3 and decentralized ecosystem features.
Starting June 3, 2026, users who hold transferable NFTs on the Binance $NFT platform will have a one-month window to transfer their assets to Binance Wallet or any compatible external wallet.
The migration period will remain open until July 3, 2026. Following completion of the upgrade, the current $NFT service on Binance Exchange will no longer be supported. Any transferable NFTs that are not withdrawn before the deadline will no longer be accessible.
To help users complete the transition, Binance will send reminders to holders of transferable NFTs throughout the migration period.
Non-transferable NFTs, which were designed without transfer functionality, cannot be withdrawn and will also become inaccessible after the deadline. Binance Academy will provide PDF certificates to users holding non-transferable NFTs that represent course completion credentials.
Alongside the upgrade, Binance is offering two withdrawal fee reimbursement programs. The first promotion applies to non-CR7 NFTs. Up to 100,000 eligible users can receive a reimbursement of 1 USDC, which is intended to cover at least one $NFT withdrawal transaction on $BNB Smart Chain or Ethereum.
To qualify, users must withdraw eligible non-CR7 NFTs directly to Binance Wallet (Keyless), complete the transaction between June 3 and June 17, 2026, use either the $BNB Smart Chain or Ethereum network, and hold the $NFT prior to June 3, 2026. Eligible rewards will be distributed to Spot Accounts by July 3, 2026.
A separate CR7 $NFT Withdrawal Fee Reimbursement program is available for holders of CR7 NFTs. Users who withdraw eligible CR7 NFTs from the Binance $NFT platform to supported wallets using $BNB Smart Chain between June 3, 2026 and July 3, 2026 will qualify for reimbursement of their withdrawal fees, provided they held the NFTs before June 3, 2026. Reimbursement payments will be credited to Binance Spot Accounts by July 19, 2026.
Binance launched its $NFT marketplace in June 2021 at the height of the $NFT boom, when record-breaking sales, increasing mainstream attention, and strong investor interest were driving rapid growth across the digital collectibles sector.
However, the market entered a prolonged downturn as demand faded, trading volumes fell sharply, and the majority of $NFT collections became inactive. In January, Gemini announced the closure of Nifty Gateway, one of the earliest $NFT marketplaces, as part of a strategic shift toward developing an all-in-one crypto platform.
Rather than disappearing entirely, $NFT technology is now increasingly used as the infrastructure for digital ownership, gaming assets, loyalty programs, and tokenized real-world assets.