Coinbase cited “listing standards” as the reason behind its decision to disable trading for BUSD.
On Feb 27, Coinbase cited “listing standards” as the reason behind its decision to disable trading for BUSD on March 13. The February announcement read;
We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on our most recent reviews, Coinbase will suspend trading for Binance USD on March 13, 2023, on or around 12pm ET. According to Coinbase’s Feb 27 Twitter thread, the decision to disable trading for BUSD will apply to Coinbase.com , Coinbase Pro, Coinbase Exchange and Coinbase Prime. On March 13 Coinbase assured its customers “ Your BUSD funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at any time.”
On Feb 27, when Coinbase intitally announced it's intention to disable trading for BUSD on March 13, a“Our determination to suspend trading for BUSD is based on our own internal monitoring and review processes. When reviewing BUSD, we determined that it no longer met our listing standards and will be suspended.”
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance converting $1 billion in BUSD to bitcoin, ether and BNBBinance CEO Changpeng Zhao announced on Twitter that exchange would convert approximately $1 billion of BUSD to bitcoin, ether and BNB.
Read more »
Binance Will Convert $1B Worth of BUSD Stablecoin to Bitcoin, Ether, BNB, and Other TokensThe BUSD transaction from Binance industry fund took 5 seconds and cost merely $1.29, Binance CEO cz_binance said. By shauryamalwa.
Read more »
Binance CEO announces recovery funds conversion from BUSD to 'native crypto'Following his initial tweet, CZ posted the address of the recovery wallet and the transaction hash ID of the transaction to convert $980 million in funds.
Read more »
Coinbase Starts ‘Wallet as a Service’ Companies Can Build Into Their Own Apps.Coinbase says its wallet-as-a-service could help companies “bring the next hundred million customers into Web3' by allowing gaming apps to use NFTs as part of a game, or by companies that might want to incorporate a wallet into an app.
Read more »
USDC Volatility Lifts Bitcoin's Coinbase Premium to 3-Year Highbitcoin's dollar-denominated price on coinbase trades at a significant premium to prices on other exchanges, including binance. The premium stems from the discount in the dollar-pegged stablecoin $USDC. godbole17 reports
Read more »
Coinbase, Celsius and Paxos disclose funds in Signature BankSignature Bank was a critical partner for cryptocurrency businesses and those with exposure to the crypto-friendly financial firm are coming forward to reveal their ties in a bid for transparency.
Read more »