Binance announced on June 2 the closure of its non-fungible token (NFT) service on the exchange as of July 3, 2026, so users will have 30 days to withdraw their digital assets. Assets not withdrawn by that date will no longer be accessible.
NFTs (unique tokens that certify ownership of a digital asset, such as an image or audio file) that are available for transfer can be sent to Binance Wallet, the exchange’s own Web3 product, or any other compatible wallet, as the statement explains.
A portion of NFTs on Binance are non-transferablesince they were designed from their creation to not be able to move from one wallet to another, because their smart contract has the transfer function disabled.
These non-transferable NFTs are mainly from course certificates, achievement badges and membership tokens within the exchange. Being “tied” to the Binance account by design, their holders have no way to withdraw them. Those assets will no longer be visible and accessible on July 3, according to the exchange.
The announcement does not detail how many users are in this situation or how many NFTs of this type exist on the platform. As the only compensation, Binance Academy will issue certificates in PDF for those who have non-transferable NFTs that accredit courses completed on that educational platform.
Binance will refund fees on NFT withdrawals
To encourage withdrawals during the transition, Binance announced two commission reimbursement promotions. The first covers up to 100,000 users who withdraw NFTs not linked to the collection called CR7 (due to its connection with footballer Cristiano Ronaldo) to Binance Wallet before June 17; each eligible user will receive 1 USDC, an amount that the exchange estimates is enough to cover at least one withdrawal on the BNB Chain or Ethereum networks.
The second covers CR7 collection NFT withdrawals made on BNB Chain before July 3, with no declared user limit. Both refunds will be credited to the exchange accounts, as reported by Binance.
Finally, the closure of the NFT service on the exchange 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 definitive closure after a failed sale, as reported by CriptoNoticias. With the closure of Foundation, its image and video files associated with NFTs were under an availability commitment of just one yearwithout subsequent guarantees.