“The platform, Nifty Gateway, which once facilitated over $300 million in sales, had shifted its focus to building onchain creative projects in 2024, but will now close.”, — write: www.coindesk.com
Starting immediately, the platform has entered withdrawal-only mode, giving users one month to move any NFTs or funds still on the site, according to an announcement from the company. The website also shows a notice of closing on its homepage. Users can withdraw their funds from the platform through a connected Gemini Exchange account or to their bank via Stripe.
Nifty website shutdown notice (Nifty)
The Gemini-owned platform helped bring digital collectibles to a broader audience by simplifying NFT purchases. It was one of the oldest NFT trading platforms and hosted curated “drops” with artists like Beeple and Grimes, and accepted credit card payments, a rarity in a crypto-native market.
At its peak in mid-2021, Nifty Gateway had facilitated over $300 million in sales. But in April 2024, the company shifted away from marketplace operations, rebranding as Nifty Gateway Studio.
The focus moved towards building on-chain creative projects in partnership with brands and artists.
“This decision will allow Gemini to sharpen its focus and execute on the vision of building a one-stop super app for customers,” the marketplace’s parent company, Gemini, wrote in a blog post. “We will continue to support NFTs via the Gemini Wallet.”
The NFT market reached a $17 billion market capitalization in early 2022 but has since been in a long, drawn-out bear market. Its current market capitalization is now at $2.8 billion.
Read more: Founders of Gemini-Owned NFT Marketplace Nifty Exchange Are Leaving the Company
KuCoin captured a record share of centralized exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the broader crypto market.
- KuCoin recorded over $1.25 trillion in total trading volume in 2025equivalent to an average of roughly $114 billion per monthmarking its strongest year on record.
- This performance translated into an all-time high share of centralized exchange volumeas KuCoin’s activity expanded faster than aggregate CEX volumeswhich slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly spliteach exceeding $500 billion for the year, signaling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activityreinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activityindicating structurally higher user engagement rather than short-lived volume spikes.
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Brian Armstrong returns from the World Economic Forum with a message: traditional finance is taking crypto seriously
- Coinbase CEO Brian Armstrong said a top executive at one of the world’s 10 largest banks told him crypto is now the bank’s “number one priority” and an “existential” issue.
- At Davos, Armstrong highlighted tokenization of assets and stablecoins as major themes, arguing that they could broaden access to investments for billions while threatening to bypass traditional banks.
- He described the Trump administration as the most crypto-forward government globally, backing efforts like the CLARITY Act, and predicted that AI agents will increasingly use stablecoins for payments outside conventional banking rails.
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