Coinbase announces suspension of BUSD trading beginning March 13

Coinbase volition suspend trading for Binance USD (BUSD) stablecoin connected March 13, the speech announced Feb. 27 connected Twitter. The connection mentioned “listing standards” arsenic it announced its decision. 

The determination volition use to Coinbase.com (simple and advanced), Coinbase Pro, Coinbase Exchange, and Coinbase Prime, according to the tweet thread. The speech added, "Your BUSD funds volition stay accessible to you, and you volition proceed to person the quality to retreat your funds astatine immoderate time."

A Coinbase spokesperson told Cointelegraph:

“Our determination to suspend trading for BUSD is based connected our ain interior monitoring and reappraisal processes. When reviewing BUSD, we determined that it nary longer met our listing standards and volition beryllium suspended.”

According to the Coinbase website, its integer plus listings radical votes connected assets to beryllium listed connected the exchange, “informed by a rigorous vetting/review process that evaluates assets against legal, compliance, and method information standards.” In addition, determination are further concern assessments and ongoing monitoring to guarantee an plus continues to conscionable standards.

We regularly show the assets connected our speech to guarantee they conscionable our listing standards. Based connected our astir caller reviews, Coinbase volition suspend trading for Binance USD (BUSD) connected March 13, 2023, connected oregon astir 12pm ET.

— Coinbase Assets (@CoinbaseAssets) February 27, 2023