Exchanges

Binance, the world’s largest cryptocurrency exchange by trading volume, has announced that it will shut down its Binance $NFT service on 3 July. The exchange explained the move by its desire to “shift focus to Web3 services” and develop its own non-custodial wallet, Binance Wallet.

The total market capitalization of NFT collections has reached $9.3 billion, up 40% from July’s $6.6 billion. A key driver of this growth is the rising price of Ethereum, which recently surpassed $4,000 and continues its upward trajectory.