NFT marketplace Magic Eden exits Bitcoin and EVM trading

Magic Eden, the prominent NFT marketplace best known for its deep roots in the Solana blockchain ecosystem, is set to close its Bitcoin and EVM-based trading platforms and discontinue support for its multi-chain wallet.

Magic Eden refocuses on Solana, winds down Bitcoin and EVM services

Magic Eden originally rose to prominence by offering a user-friendly platform for buying, selling, and trading digital collectibles, especially non-fungible tokens (NFTs), on the high-throughput Solana network.

Over time, the platform expanded into Bitcoin Ordinals and Ethereum Virtual Machine (EVM) chains such as Ethereum, Polygon, and Avalanche in an effort to capture a broader share of the burgeoning NFT market.

However, new reports say the company will begin shutting down its Bitcoin and EVM marketplaces in the first week of March 2026, with its cross-chain wallet entering export-only mode by mid-March and fully ceasing service in early April. Support for Solana-based NFTs and assets will continue uninterrupted.

The move could be a strategic realignment rather than a retreat.

By concentrating on its core Solana busines, where the majority of its trading volume has historically originated, Magic Eden aims to streamline operational complexity and refocus engineering resources on strengthening features, liquidity, and community engagement within its original ecosystem.

Affected users are being urged to withdraw any assets held in the Bitcoin and EVM marketplaces or within the multi-chain wallet before support ends to avoid the risk of losing access. As the NFT sector evolves, Magic Eden’s decision highlights broader market trends toward specialization and platform consolidation.

Source: https://crypto.news/nft-marketplace-magic-eden-exits-bitcoin-evm-trading/