Crypto

August 9, 2023

Bitstamp Halts Trading Of Select Tokens

Bitstamp, the world’s oldest cryptocurrency exchange, announced the suspension of trading for seven tokens for its US customers. 7️⃣

The tokens are: $AXS, $MANA, $MATIC, $NEAR, $SAND, and $SOL for its U.S. customers.

While the exchange cited vague “recent developments” as the reason, the underlying cause seems clear: the SEC’s allegations that these tokens are unregistered securities.

No reasons were given why they didn’t include the other cryptocurrencies alleged to be securities by the SEC. 

Although Bitstamp users can still hold and withdraw these tokens, trading will cease post-August 29, 2023. 📩

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