Coinbase Announces BUSD Suspension

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oinbase has announced that it will be suspending Binance's USD Stablecoin due to not meeting the company’s listing standards. This suspension affects Coinbase.com, as well as its Pro, Exchange and Prime services.

Coinbase will put a halt to Binance USD (BUSD) trading from March 13, as the stablecoin does not meet its quality criteria for listings. This was declared in a tweet by the United States crypto-exchange on Monday.

“Our determination to suspend trading for BUSD is based on our own internal monitoring and review processes,” a spokesperson told CoinDesk. “When reviewing BUSD we determined that it no longer met our listing standards and will be suspended.”

Coinbase.com, Coinbase Pro, Exchange and Prime have all been impacted by the suspension; however, users can still access their BUSD funds and withdraw them whenever they wish - according to official reports from Coinbase.

Mike

An editor at Coincrop

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Mike is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely putting his latest car project back together.