Binance Sets Final NFT Deadline and Unveils New UAE Banking Access
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- Binance ends its NFT service on July 3, and users must withdraw eligible assets before access ends.
- Binance will issue PDF certificates for Academy NFTs and soon refund selected withdrawal fees.
- Binance launched regulated AED transfers in the UAE through ADCB with direct bank integration.
Binance will close its centralized NFT service on July 3, 2026, while expanding regulated fiat access in the United Arab Emirates through a new banking integration. The developments mark two separate changes across the exchange’s digital asset operations.
The company confirmed that users must withdraw transferable NFTs before 23:59 UTC on July 3. Assets can move to Binance Wallet or another compatible external wallet. Users who fail to withdraw eligible NFTs before the deadline will lose access to them on the exchange platform.
Binance Sets July Deadline for NFT Withdrawals
In an announcement on Wednesday, Binance described the move as an upgrade and outlined withdrawal requirements for NFT holders. The exchange stated that non-transferable NFTs will also become inaccessible after the deadline. These assets include course-completion certificates issued by Binance Academy.
To address affected certificate holders, Binance Academy plans to issue PDF certificates after the service closes. The replacement applies only to the non-transferable educational certificates.
The exchange also introduced temporary reimbursement programs for withdrawal costs. Binance will reimburse fees for up to 100,000 users who transfer eligible non-CR7 NFTs through BNB Smart Chain or Ethereum between June 3 and June 17. Each qualifying user will receive 1 USDC by July 3.
CR7 NFT holders fall under a separate reimbursement schedule. Binance stated that qualifying withdrawals made on the BNB Smart Chain before July 3 will receive refunds. The company expects to distribute those reimbursements by July 19.
NFT Market Decline Precedes Service Closure
The shutdown follows earlier reductions in Binance’s NFT operations. In April 2024, the exchange ended support for Bitcoin Ordinals. Earlier, in September 2023, Binance removed support for the Polygon network within its NFT marketplace.
The NFT market recorded substantially lower activity than in previous years. According to data referenced in the announcement, annualized NFT trading volume reached about $5.5 billion during 2025. That figure remained far below the market’s peak of more than $50 billion in 2022.
The closure of the centralized NFT platform comes against that backdrop. Binance has instructed users to complete withdrawals before access ends. The company also provided specific reimbursement timelines to support the migration process.
Binance Launches Regulated AED Transfers in UAE
Separately, Binance introduced regulated on- and off-ramp services for the UAE dirham through a direct integration with Abu Dhabi Commercial Bank. The service allows users to transfer funds between local bank accounts and digital assets using AED.
Binance announced the launch on June 2, 2026. The service removes the need for foreign exchange conversions when users move funds between banking channels and the exchange. Binance Co-CEO Richard Teng described the development as a major step for crypto activity in the UAE.
The integration operates under the UAE’s Client Money Account framework. Binance stated that users can make AED deposits without fees. The service requires a minimum transfer of AED 10 and supports daily transfers of up to AED 7.2 million.
According to Binance, the launch follows the development of the UAE’s digital asset regulatory framework. The company stated that the environment now supports direct connections between banking infrastructure and digital asset services. Binance also noted increasing demand for regulated access and lower-cost transfer options among market participants.
