America-based cryptocurrency trading platform coinbasewhich has been the subject of discussion in the country in recent weeks. Binance USD (BUSD) made a critical decision for stablecoin.
Coinbase announced today that it will suspend BUSD trading on March 13, 2023. The stock market bases its decision on the action taken by Paxos days ago.
Crypto company operating in the country Paxoshas been forced to halt the issuance of BUSD tokens in response to a request from New York’s financial regulator.
Speaking to sources, a Coinbase spokesperson stated that they used their own initiative when making their decision:
“Our decision to suspend BUSD trading is based on our own internal audit process. Binance USD no longer meets our listing standards.”
In a statement, the exchange stated that customers with BUSD will continue to withdraw money. However, as of the specified date, BUSD trading will no longer be available on Coinbase platforms.
American Authorities Are Going Over Binance
Binance Although the country has faced problems before, 2023 is going to be tough for the giant stock market. American financial regulators have put the Binance.US platform under its grip.
Binance founder CZ announced on Twitter that he has suspended some planned investments in the region for this reason.
It was seen that the withdrawal of about $ 400 in Bitcoin took place after this news.
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