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Summary:
- Coinbase said that the Binance-branded stablecoin BUSD does not meet the listing standards on the major crypto exchange.
- BUSD trading will be suspended on March 13, 2023, per an official tweet from the San Francisco-based company.
- “BUSD funds will remain accessible to you,” said the exchange as withdrawals will continue.
Coinbase will discontinue trading support for the Binance-branded stablecoin BUSD by 12pm ET on Mar. 13, 2023.
On Monday, the San Francisco-based crypto exchange said BUSD does not meet “our listing standards.” Also, BUSD trading will be suspended across a basket of product options including Coinbase.com (Simple and Advanced Trade), Coinbase Pro, Coinbase Exchange, and Coinbase Prime.
The news comes amid legal pressure from federal and state regulators on Paxos, a crypto trust company and the issuer of BUSD.
Source : Ethereum World News
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