Gemini-Owned Nifty Gateway to Shut Down NFT Marketplace in February 2026
Gemini-owned Nifty Gateway will permanently shut down its NFT marketplace on February 23, 2026, immediately entering withdrawal-only mode.Summary
Nifty Gateway, the NFT marketplace acquired by Gemini in 2019, has announced it will cease operations on February 23, 2026. Effective immediately, the platform has entered "withdrawal-only mode," requiring users to move all USD, ETH, and NFTs off the platform before the deadline. Launched around 2020, Nifty Gateway was a prominent platform during the NFT boom, known for curated drops and accessibility via fiat currency purchases.
The shutdown reflects the broader market decline in NFT trading volumes since the 2021 peak, mirroring other high-profile retreats like Nike's RTFKT. While Gemini continues to expand its regulated crypto services, the closure highlights the difficulty in sustaining NFT-specific businesses. A key uncertainty remains regarding the future of Nifty Gateway Studio (NGS), the platform's Web3 creative arm launched in 2024, as the announcement offered no specific guidance on its continuation or integration into Gemini's broader strategy.
(Source：BeInCrypto)