Binance’s NFT marketplace will end all support for Bitcoin NFTs from this month amid declining market trends. 

Starting April 18, Binance NFT will not accept trades or deposits for Bitcoin-based NFT collections. The platform has issued guidance for its users, urging them to transfer their Bitcoin NFTs out of the marketplace using the Bitcoin network by May 18. 

Binance will also automatically cancel all orders for listings affected on the mentioned date. The marketplace also stated that after April 10, it will halt support for additional airdrops, perks, or features linked to Bitcoin NFTs.

Regarding Runestone NFTs, the exchange informed that those eligible for the Runestone airdrop had received NFTs in their Binance accounts. Nevertheless, holders must withdraw these NFTs by next Wednesday to access any related tokens, utilities, or advantages. 

Binance stated that its decision largely came from a willingness to streamline the exchange’s offerings. NFT market data shows that the number of unique buyers and overall trading volume has significantly dropped despite a brief recovery in the fourth quarter of 2023.

The declining market activity and recent criticism of Bitcoin NFTs causing network congestion likely contributed to Binance’s decision.

Follow Us on Google News
Go to Source to See Full Article
Author: Mohammad Shahidullah

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details