Binance USD (BUSD), a stablecoin, is being taken off Coinbase’s list because the rival exchange’s offering doesn’t meet Coinbase’s internal listing standards.
On March 13, Coinbase.com, Coinbase Pro, Coinbase Exchange, and Coinbase Prime will stop letting people trade BUSD.
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.
Coinbase has its own stable coin, which is called USDC.
BUSD is being looked at by regulators, and the New York Department of Financial Services recently told Paxos, a company that builds blockchain infrastructure, to stop minting the stablecoin.
The SEC also told Paxos that it is “considering recommending an action alleging that BUSD is a security and that Paxos should have registered the offering of BUSD under federal securities laws.”
