Coinbase To Suspend BUSD

[Yugocean]

Coinbase has begun preparations to delist BUSD.

BUSD has been under increasing pressure ever since the SEC took on Pexos, the owner of BUSD, on the pretext of selling unregistered securities.

This pressure is thought to be the driving force behind Coinbase's decision to delist BUSD.

Trading has not stopped yet, but on March 13, BUSD will be blocked by stopping its trading.

 

[gammarays]

It's a necessary step to take to protect traders. Paxos will also support Busd till next year to enable holders convert the funds within that duration. Good they didn't just shut down like that.

 

[Alberello75]

Even though I don't use the BUSD coin (Binance USD), in my opinion this seems to represent the rift between the two wallets Coinbase and Binance. But after all, assuming that is the case, there must be a specific reason?