NewsletterBinance Ends NFT Staking Program And Polygon (MATIC) Network Support
The world’s largest crypto exchange Binance on Friday announced ending the Sandbox NFT Staking Program by the end of this month. Furthermore, users will not be able to stake their LAND NFTs hosted on the Polygon network as the Binance NFT Marketplace discontinues Polygon support along with ending the Sandbox NFT Staking Program.
Binance Removes NFTs On Polygon Network
Crypto exchange Binance in an official announcement on September 8 revealed the decision to discontinue the Sandbox NFT Staking Program. The exchange said the decision is made after thorough consideration and evaluation, which is part of an effort to improve product offerings on Binance NFT Marketplace.
Users can’t stake LAND NFTs hosted on the Polygon Network to earn SAND rewards from September 26. Binance will automatically unstake all LAND NFTs and return to users’ accounts by the end of the month.
In addition, Binance will remove NFTs support on the Polygon network from September 26. Users must withdraw their NFTs on the Polygon network from Binance NFT Marketplace by December 31. In fact, buying, depositing, offering or listing NFTs from the Polygon Network on Binance NFT Marketplace will completely end.
CoinGape Media reported that the delisting and removing of Cardano and Polygon spot, margin, and perpetual trading pairs by Binance increased after the SEC and CFTC lawsuits.
On August 17, Binance delisted Cardano (ADA) And Polygon (MATIC) perpetual contacts in BUSD pairs. Moreover, the exchange removed Cardano (ADA), Polygon (MATIC), and 37 other liquidity pools on September 1.
Also Read:
- XRP Community Backs LBRY As It Decides To Appeal Against US SEC
- Crypto Exchange Thodex CEO Sentenced To 11,196 Years In Prison
- Crypto In Crosshair Amid Singapore MAS Money Laundering Investigations
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin Price Falls Below $100k Despite U.S. Government Reopening
- 21Shares Launches Crypto Market Index ETFs, Tracking Bitcoin, Ethereum, Solana, Dogecoin
- Michael Saylor Predicts Bitcoin Will Overtake Gold’s Market Cap by 2035
- Breaking: Canary’s Spot XRP ETF (XRPC) Goes Live on Nasdaq
- Taiwan Eyes Plan To Establish Bitcoin Reserve By Year-End With Seized BTC
- Solana Price Gears Up to $180 as DApp Revenue and DEX Volume Surge
- Cardano Price Rare Pattern Points to a 55% Crash as Key DeFi Metric Plunges
- Is Dogecoin Price Set for a Rally After 4.72 B $DOGE Whale Accumulation?
- XRP Price Shows Early Signs of Recovery Ahead of the First U.S. XRP ETF Debut—Rally Ahead?
- Will XRP, DOGE And ADA Surge After U.S. Government Shutdown Resolution?
- FUNToken is Trending Sideways Ahead of the $5M Giveaway: Is It Accumulating?
