Coinbase suspending BUSD trading
The exchange announced the news via its official Twitter account, where it stated:
“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 (BUSD) on March 13, 2023, on or around 12pm ET.”
The suspension will include Coinbase.com, Coinbase Pro, Coinbase Exchange, and Coinbase Prime platforms. Users can still access and withdraw their BUSD holdings after Mar. 13.
The Securities and Exchange Commission (SEC) requested Paxos to halt further BUSD production on Feb. 13. The SEC claimed that Paxos violated the securities and investor protection laws.