VILNIUS, LT – Binance has announced it will be applying new rules for its NFT listings beginning on Feb. 2, 2023. The Binance NFT restriction applies to all upcoming tokens and collections after Feb. 2.

Collections posted on the cryptocurrency exchange prior to Oct. 2, 2022, with less than a $1,000 trading volume between Nov. 1, 2022, and Jan. 31, 2023, will be removed from the exchange. Sellers must also be verified through Binance NFT’s new KYC screening in order to be listed.  

The company said it will be reviewing NFT listings to ensure they are in compliance. Furthermore, the announcement states that “users can report NFTs or collections that may be in violation of minting rules and terms of service.”