BUSD Red Flags Increase as Coinbase to Suspends Trading

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U.S. crypto exchange Coinbase confirmed earlier today that it would suspend trading for BUSD starting at noon ET on March 23, 2023.

Following recent reviews, the exchange said that it would suspend trading for the Binance-branded stablecoin token next month.

The announcement comes as a red flag for the token, given recent allegations by the U.S. Securities and Exchange Commission that BUSD is a security. Coinbase has previously said that it thoroughly evaluates a token’s potential as a security before listing it on the exchange. 

This is a developing story.

Disclaimer

BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.





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