Coinbase Suspends Binance USD (BUSD) Trading: What You Need to Know
Coinbase has announced the suspension of trading for Binance USD (BUSD) on its exchange, citing regulatory guidance as the reason for the decision. This major announcement is impacting users and raising questions about the future of the stablecoin.
Why is Coinbase Suspending BUSD?
On Monday, Coinbase, a cryptocurrency exchange platform, officially notified about the suspension of Binance USD (BUSD) trading. The crypto exchange said the decision was based on its most recent review and that Coinbase will suspend trading of Binance USD (BUSD) starting March 13 because the stablecoin doesn’t meet its listing standards, according to the U.S. cryptocurrency exchange.
When Did the Coinbase BUSD Suspension Take Effect?
Coinbase has proceeded with the planned suspension of Binance USD (BUSD) trading, disabling trading for the stablecoin on all Coinbase platforms. Coinbase will suspend trading of Binance USD (BUSD) on March 13 at around noon EST.
What Does This Mean for BUSD Holders on Coinbase?
If you're a Coinbase user holding BUSD, it's important to understand the implications of this suspension. While you may still be able to withdraw your BUSD, trading is no longer available on Coinbase. Coinbase suspenderá la negociación de la stablecoin Binance USD (BUSD) el 13 de marzo, según anunció el exchange el 27 de febrero en Twitter.
Key Takeaways: Coinbase and BUSD
- Coinbase has suspended trading of BUSD due to regulatory concerns and failing to meet listing standards.
- The BUSD trading suspension on Coinbase took effect on March 13th.
- Users should consider alternative stablecoins or other crypto assets for trading on Coinbase.