Coinbase announced on Monday it would suspend trading of Binance USD (BUSD) after allegedly failing to meet listing standards.
The US crypto exchange platform’s measures will enter force on 13 March around 12:00 ET, it said.
A spokesperson tweeted at the time: “Trading will be suspended on http://Coinbase.com (Simple and Advanced Trade), Coinbase Pro, Coinbase Exchange, and Coinbase Prime. Your BUSD funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at any time.”
News of the suspension dropped Binance’s native token BNB 1 percent, trading at $302.57 at the time of reporting.
The news comes after regulators from the Securities and Exchange Commission (SEC) targeted Paxos-minted BUSD tokens earlier in February. Binance also halted US banking transfers to its service amid the ongoing row with US regulators.
