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Coinbase Suspends Binance USD Trading

Coinbase, the US cryptocurrency exchange, announced that it would suspend trading of Binance USD (BUSD) starting March 13. The suspension is because BUSD does not meet Coinbase's listing standards.

Binance and Coinbase logos
Binance and Coinbase logos

Internal Monitoring and Review Processes

According to a spokesperson, the decision to suspend BUSD trading is based on Coinbase's internal monitoring and review processes. After reviewing BUSD, it was determined that it no longer met the exchange's listing standards.

Impacted Trading Platforms

The suspension will affect, Coinbase Pro, Coinbase Exchange, and Coinbase Prime. Despite this, users can still access their BUSD funds and withdraw them at any time.

Binance Coin Price Drop

Following the announcement, Binance coin (BNB) saw a 1% drop in price and was trading at $302.57 at the time of press.