Coinbase disables trading for BUSD

Coinbase disables trading for BUSD

United States-based cryptocurrency exchange Coinbase announced on March 13 that it had suspended trading for the Binance USD (BUSD) stablecoin.

We have disabled trading for Binance USD (BUSD). Your BUSD funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at any time.

— Coinbase Assets (@CoinbaseAssets) March 13, 2023

In its initial Feb. 27 announcement, Coinbase cited “listing standards” as being behind its decision. The February announcement read:

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“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.”

According to Coinbase’s Feb. 27 Twitter thread, the decision applies to (simple and advanced),

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