HomeAltcoin NewsCoinbase To Suspend Binance USD $BUSD Trading By Mar. 13

    Coinbase To Suspend Binance USD $BUSD Trading By Mar. 13

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    • 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 (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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