- The announcement comes one day after the SEC filed a lawsuit against the company
- This will be the fourth blockchain to support the NFT marketplace
- Only some collections are available yet
Cryptocurrency exchange Binance announced Bitcoin NFT support on its marketplace one day after the SEC lawsuit. On June 5, the SEC filed a lawsuit charging the exchange with 13 violations of the country’s securities laws.
“Bitcoin network is now supported by BinanceNFT. You can now buy, deposit, withdraw, and transfer NFT directly from your Binance account,” the company said in a statement.
Only select collections of Bitcoin NFT are currently available on the Marketplace. Supported include Bitcoin Bandits, Bitcoin Frogs, Bitcoin Fizzas, Bitcoin Punks, Bitcoin Wizards, Block Legends, BTC DeGods, BTC Machine, and others. The company said it will launch more collections on a regular basis.
Binance also said that before depositing NFT, it is important that users be careful and verify that their deposit address is correct.. NFTs may not be recoverable if they are entered to the wrong deposit address. To withdraw NFT, users will need to store bitcoin in their wallets.
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