Bitstamp to suspend trading of major altcoins for US users
All the soon-to-be suspended tokens are alleged by the SEC to be securities in its lawsuit against Coinbase and Binance. Cryptocurrency exchange Bitstamp will suspend trading of Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), Near (NEAR), Sandbox (SAND), and Solana (SOL) for customers residing in the U.S. beginning August 29. According to the Aug. 8 announcement, trading of the seven aforementioned cryptocurrencies will soon become unavailable for trading for U.S. customers due to "recent developments." While the firm did not specify the reason for their suspension, all seven tokens are alleged by the U.S. Securities and Exchange Commission to be unregistered securities in its complaints against cryptocurrency exchanges Binance and Coinbase. Bitstamp wrote: "We kindly request our users to promptly execute any desired buy or sell orders involving the affected assets before August 29, 2023. After this deadline, trading activities related to ...