Binance NFT discontinues support for Bitcoin NFT
Binance NFT will suspend Bitcoin NFT trading and deposits, advise withdrawals by the deadline, and guide you through the detailed distribution of Runestone NFTs and tokens.
Binance NFT, the NFT marketplace powered by leading cryptocurrency exchange Binance, recently made an important update regarding Bitcoin NFTs. In an official announcement, Binance NFT stated that it will discontinue support for trading and deposits of Bitcoin NFTs on its platform.
According to the announcement, users are encouraged to withdraw their Bitcoin NFTs from the Binance NFT Marketplace via the Bitcoin Network before May 18, 2024 to maintain ownership and control of their assets. After April 18, 2024, users will no longer be able to use the Bitcoin network to buy, deposit, bid on, or list NFTs on the Binance NFT Marketplace.
It is important to note that all affected listing orders will be automatically canceled at the specified date and time. Additionally, Binance NFT stated that it will not support any additional airdrops, benefits, or utilities related to Bitcoin NFTs after April 10, 2024.
This announcement also covered Runestone NFTs. Binance NFT has confirmed that for users eligible to receive the Runestone airdrop, the NFT has already been distributed to their Binance NFT accounts. However, users are encouraged to withdraw these NFTs before April 10, 2024 to secure the opportunity to receive the associated tokens, utilities, and benefits.
It is important for users to note the specified deadlines and withdraw their Bitcoin NFTs and Runestone NFTs accordingly. Otherwise, associated tokens and benefits may be lost.
Binance NFT emphasized that Runestone NFT trading will not be supported on the platform. Users with questions or concerns regarding these updates should contact Customer Support for assistance.
As with all investments, it is important to understand the risks involved. The value of NFTs can be highly volatile, so users should be aware that NFTs are subject to high market risk. Binance reminds users to exercise caution and make informed decisions when participating in the NFT market.
In conclusion, Binance NFT announced the discontinuation of support for Bitcoin NFTs on its marketplace. Users are encouraged to withdraw Bitcoin NFTs before May 18, 2024 and Runestone NFTs before April 10, 2024 to maintain access to the associated tokens, utilities, and benefits. Please contact Binance NFT Customer Support for further information and assistance.
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