The Binance USD stablecoin will be suspended by Coinbase for not meeting listing standards
Coinbase.com, Coinbase Pro, Coinbase Exchange, and Coinbase Prime are all affected by the suspension.
As a result of Binance USD (BUSD) not meeting Coinbase’s listing standards, trading of the stablecoin will be suspended starting March 13.
Our decision to suspend trading for BUSD was based on our internal monitoring and review processes,” a spokesperson told CoinDesk. “When reviewing BUSD, we determined it no longer met our listing standards.”
Users will still be able to access their BUSD funds and withdraw them at any time. The suspension affects Coinbase.com, Coinbase Pro, Coinbase Exchange and Coinbase Prime.
After the news, Binance coin (BNB), the exchange token of Binance, dropped 1% to $302.57.