- Nifty Gateway, acquired by Gemini in 2019, is closing its platform.
- Users advised to withdraw NFT assets by February 23.
- Lack of official statements fuels market uncertainty.
Nifty Gateway, an NFT trading platform, is reportedly closing operations on February 23, urging users to withdraw assets. Despite widespread media coverage, no official sources have verified these claims.
This rumored closure highlights the volatility in the NFT market, raising concerns about asset security and prompting users to safeguard their digital investments amid uncertain regulatory landscapes.
Nifty Gateway’s Shutdown: User Action Required by February 23
The announcement impacts NFT trading, with Nifty Gateway users urged to withdraw their NFTs and funds by the stated deadline. Market adjustments are expected due to Nifty Gateway’s role as an early platform within the NFT space. Industry watchers are observing for shifts in user loyalty and market confidence in NFT trading platforms.
Ethereum (ETH), dominating the NFT market, traded at $2,951.43 on January 24, 2026. With a market cap of $356.22 billion and a 24-hour volume drop of 63.41%, ETH remains significant despite a 29.28% decline over 90 days, as reported by CoinMarketCap. Insights from Coincu indicate regulatory scrutiny affecting NFT platforms like Nifty Gateway, potentially influencing Ethereum’s performance given its widespread use in NFT markets. For more insights, check Coincu and its implications on Ethereum’s standing.
Ethereum’s Market Performance Amid Regulatory Concerns
Did you know? Nifty Gateway facilitated $1.2 billion total transactions since its launch, showcasing its impact in the NFT market.
Ethereum (ETH), dominating the NFT market, traded at $2,951.43 on January 24, 2026. With a market cap of $356.22 billion and a 24-hour volume drop of 63.41%, ETH remains significant despite a 29.28% decline over 90 days, as reported by CoinMarketCap.
Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 23:38 UTC on January 24, 2026. Source: CoinMarketCapInsights from Coincu indicate regulatory scrutiny affecting NFT platforms like Nifty Gateway, potentially influencing Ethereum’s performance given its widespread use in NFT markets.
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Source: https://coincu.com/nfts-news/nifty-gateway-closing-nft-withdrawal/
