Bitstamp Halts Trading For Multiple Altcoins Following SEC Ruling
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- Bitstamp suspended trading of multiple altcoins in response to US SEC’s classification.
- The exchange has stopped trade for AXS, CHS, MANA, MATIC and more.
- SEC designates 10 cryptocurrencies, including BNB and SOL, as securities during the Binance case.
The US SEC’s decision has lead to cryptocurrency exchange Bitstamp announcing suspension for multiple altcoins, effective from August 29. Earlier, today Bitstamp tweeted that US users will no longer be able to trade altcoins including Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), NEAR Protocol (NEAR), The Sandbox (SAND), and Solana (SOL).
Update for our US users
— Bitstamp (@Bitstamp) August 8, 2023
Starting August 29: AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL trading will be halted after evaluating recent market developments.
Execute any open trades. Holding and withdrawing tokens afterwards will be unaffected.
More info:…
The SEC has a list of 68 cryptocurrencies classified as “securities.” During the regulator’s legal action against Binance, the SEC designated 10 additional cryptocurrencies as securities, including Binance Coin (BNB), Binance USD (BUSD), Solana (SOL), Cardan…
The post Bitstamp Halts Trading For Multiple Altcoins Following SEC Ruling appeared first on Coin Edition.
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