Binance crypto exchange stops the Sandbox NFT Staking Program on the Binance NFT Marketplace. In addition, users will no longer be able to stake LAND NFTs hosted on the Polygon network.
The crypto exchange Binance disclosed the decision to discontinue the Sandbox NFT Staking Program in a September 8 announcement. According to the exchange, the decision was made after careful consideration and evaluation to enhance the product selection on the Binance NFT Marketplace.
On September 26, users can no longer stake LAND NFTs hosted on the Polygon Network to gain SAND rewards. By the end of the month, Binance will automatically unstake all LAND NFTs and return them to users’ accounts.
In addition, Binance will cease supporting NFTs on the Polygon network beginning September 26. By December 31, users must withdraw their NFTs on the Polygon network from the Binance NFT Marketplace. The ability to purchase, deposit, offer, or list NFTs from the Polygon Network on the Binance NFT Marketplace will cease entirely.
The delisting and removing Cardano and Polygon spot, margin, and perpetual trading pairs by Binance increased after the SEC and CFTC lawsuits.
Binance delisted Cardano (ADA) and Polygon (MATIC) perpetual contracts in BUSD pairs on August 17. In addition, on September 1, the exchange removed Cardano (ADA), Polygon (MATIC), and 37 other liquidity pools.
