Coinbase Suspends BUSD Trading for Failing to Meet Listing Standards
Users can still withdraw their BUSD, but trading for the stablecoin ends next month.
Binance USD
Users can still withdraw their BUSD, but trading for the stablecoin ends next month.
The announcement comes weeks after Paxos disclosed regulatory trouble that centered around the Binance-branded stablecoin.
According to latest Coinbase news, the crypto exchange will suspend trading for Binance USD (BUSD) on March 13, following an internal review.
Crypto exchange Coinbase will suspend Binance USD (BUSD) trading starting March 13 at noon Eastern Time.
The San Francisco-based cryptocurrency exchange referred to its “listing standards” in a tweet.
Coinbase to suspend BUSD trading amid increasing scrutiny of the stablecoin.
Coinbase, a leading U.S. crypto exchange, announced that it would suspend the trading of Binance USD (BUSD). The decision comes right when the U.S. Securities and Exchanges Commission (SEC) labeled…
The crypto exchange said the decision was based on its most recent review of the stablecoin.
Coinbase said BUSD does not meet listing standards shortly after Paxos was ordered to stop minting the Binance-branded stablecoin.
The SEC’s enforcement action against BUSD raises questions about whether the regulatory body is focused on the stablecoin market or the crypto exchange Binance.