KEY TAKEAWAYS
- The $REEF token bridge at reefbridge.app has been permanently closed, ending the transition period for migrating tokens from Ethereum and BNB Smart Chain to Reef Chain.
- Approximately 9.86 billion legacy $REEF tokens remain unmigrated and cannot be bridged without permission.
- Legacy $REEF holders can sell tokens on decentralized exchanges or purchase native $REEF on Reef Chain through supported exchanges.
- Reef is updating documentation and focusing on future developments, including the Deep Current upgrade and a tokenized equity platform.
The $REEF token bridge at reefbridge.app has been permanently closed as of 17:18:53 UTC today. Users can no longer bridge $REEF from Ethereum or BNB Smart Chain to Reef Chain. This closure marks the end of a transition period that was announced months ago, with the bridge initially scheduled to close in Q1 2026.
A few weeks ago, it was confirmed that the remaining $REEF allocation would not be refilled, providing users with a final notice to complete their migrations. The bridge had been operational since February 27, 2025.
Impact on Legacy $REEF Tokens
Approximately 9.86 billion legacy $REEF tokens remain unmigrated, with 4,325,757,067 on BNB Smart Chain and 5,533,453,218 on Ethereum. These tokens can no longer be bridged to Reef Chain without permission. However, $REEF held by centralized exchanges may still be migrated.
The closure of the bridge is permanent, and there will be no future migration windows.
Options for Legacy $REEF Holders
For those holding $REEF on Ethereum or BNB Smart Chain, several options remain. Holders can sell legacy tokens on decentralized exchanges, where liquidity pools for legacy $REEF may still exist. These can be accessed through aggregators like Matcha.
Alternatively, users can purchase native $REEF on Reef Chain through supported centralized exchanges or directly at ReefSwap.
Exchanges that have completed the swap and offer native $REEF include MEXC, Gate, CoinEx, Hotcoin, WhiteBIT, KuCoin, CoinSpot, Bitrue, Poloniex, HTX, BitMart, and Paribu. Other centralized exchanges have until March 16, 2026, to announce support for the native token swap. A full list of supported exchanges is available at reef.io.
Future Developments and Documentation Updates
All relevant documentation is being updated to remove references to legacy $REEF contract addresses on Ethereum and BNB Smart Chain. Bridging documentation at docs.reef.io will be revised to reflect the permanent closure.
Looking ahead, with the token unification complete, Reef is focusing on delivering the Deep Current upgrade and building the tokenized equity platform throughout 2026. For more information on future developments, refer to the Reef Deep Current November 2025 update and plans for the tokenized equity platform.
Why This Matters: Impact, Industry Trends & Expert Insights
The $REEF token bridge at reefbridge.app has been permanently closed, marking the end of the migration period for $REEF tokens from Ethereum and BNB Smart Chain to Reef Chain. This decision affects approximately 9.86 billion legacy $REEF tokens that remain unmigrated.
Recent industry reports indicate that 2026 is a pivotal year for blockchain maturation, with a focus on institutional adoption and infrastructure upgrades. This aligns with the closure of the Reef Bridge, as the industry shifts towards more sustainable infrastructure and reduced reliance on risky bridges.
A VanEck report highlights the broader market context of February 2026, noting that while there was a significant market selloff, no structural damage to infrastructure like stablecoins or tokenization occurred. This supports the view that the Reef Bridge closure is part of a broader trend towards infrastructure optimization in the crypto ecosystem.
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