Huobi exchange recently announced that it will be discontinuing its NFT services on May 13, 2023 (UTC+8), due to strategic and product adjustments to the Huobi Cloud Wallet. This announcement was made via an official statement released on the Huobi website on March 10, 2023.
According to the statement, users are advised to transfer all their NFT assets out of Huobi NFT before the deadline. The transfer can be done by moving NFTs from the user’s Huobi Cloud Wallet to their on-chain wallet. The company has provided a guide on how to withdraw assets from Huobi Cloud Wallet on their website.
It is important to note that after May 13, 2023, the Huobi NFT marketplace will be discontinued, and all relevant services will cease. The company has advised users to complete their transfers before the deadline.
The statement also reminded users to be cautious during the transfer process and not to trust any third-party assistance or withdraw their assets to untrusted third-party addresses. This is to ensure the safety of their assets and prevent fraud.
This move by Huobi is in line with the company’s strategic and product adjustments to the Huobi Cloud Wallet. The discontinuation of the NFT services may be due to the low demand for these services or the company’s decision to focus on other areas of the business.
Huobi has been a leading cryptocurrency exchange platform, offering a wide range of services to its users. The company’s decision to discontinue NFT services may come as a disappointment to some of its users who have been actively using the platform for NFT trading.
Huobi’s decision to discontinue NFT services on May 13, 2023, due to strategic and product adjustments to the Huobi Cloud Wallet, highlights the company’s commitment to focus on other areas of the business. The company has advised its users to transfer all NFT assets out of Huobi NFT before the deadline to ensure the safety of their assets and prevent fraud.
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