Coinbase has no plans to delist assets or end staking service

Coinbase executives person stated that their institution does not mean to extremity enactment for tokens and services named successful a securities case.

Coinbase doesn’t mean to trim options

The U.S. Securities and Exchange Commission (SEC) filed charges against Coinbase connected June 6. It identified astatine slightest 13 of the cryptocurrencies listed by Coinbase, arsenic good arsenic the company’s staking service, arsenic securities oregon concern contracts.

Nevertheless, Coinbase has “no plans to delist immoderate of these assets,” Chief Legal Officer Paul Grewal said successful a connection to TechCrunch connected June 7.

Coinbase CEO Brian Armstrong, meanwhile, told Bloomberg that the institution does not mean to discontinue its staking services and that it is “business arsenic usual.”

Despite executives’ attempts to guarantee users that the presumption quo volition continue, Coinbase has removed opportunities successful the past. Notably, it has halted XRP trading since 2021, and it explicitly cites the SEC’s lawsuit against Ripple arsenic the crushed for that choice.

Coinbase besides delisted Binance (BUSD) and removed Algorand (ALGO) from its staking options astir the clip of regulatory concerns, though its reasons for those delistings whitethorn beryllium lone tangentially connected to regulatory events. Additionally, Coinbase ended its Lend programme pursuing ineligible threats from the SEC successful 2021.

Binance.US has already delisted assets

Though Coinbase plans to debar delisting, 1 of its competitors has already revealed delistings. Binance.US received its ain SEC charges connected June 5, and it has announced that it volition delist galore trading pairs and intermission OTC trading.

Those delistings bash not widen to Binance.com, the company’s planetary arm.

Meanwhile, astatine slightest 1 crypto task named successful the SEC’s lawsuit is attempting to amusement that it does not airs a listing risk. Cardano developer Input Output has stated that its ADA token is not a security, contrary to the substance of the SEC cases it is named in.

The station Coinbase has nary plans to delist assets oregon extremity staking service appeared archetypal connected CryptoSlate.