Bitstamp will suspend trading of 7 tokens including SOL for US users

2023-08-09 08:41:26

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According to ChainCatcher, as reported by Cointelegraph, the cryptocurrency exchange Bitstamp will stop offering trading for seven tokens including Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), Near (NEAR), Sandbox (SAND), and Solana (SOL) to U.S. users starting from August 29.

In an announcement released on August 8, Bitstamp stated that due to "recent developments," U.S. customers will soon be unable to trade the aforementioned seven cryptocurrencies. Although the company did not specify the reason for halting trading, the U.S. Securities and Exchange Commission (SEC) has alleged that these seven tokens are unregistered securities in its lawsuits against Binance and Coinbase.

Bitstamp indicated that users should close any orders involving the aforementioned assets by August 29, 2023. After this deadline, related trading activities will be permanently halted on the Bitstamp platform. Users can still hold and withdraw these seven tokens from their accounts at any time.

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