Binance US Delists Crypto Token ‘out of an Abundance of Caution’ After SEC Says It’s a Security

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Binance US Delists Crypto Token ‘out of an Abundance of Caution’ After SEC Says It’s a Security

Binance’s U.S. platform is delisting crypto token amp after the Securities and Exchange Commission (SEC) declared it a security. Another crypto exchange, Coinbase, disagreed with the regulator, arguing that the token is not a security.

Binance Delists AMP ‘out of an Abundance of Caution’


Binance’s U.S. exchange (Binance US) is taking action to ensure that crypto tokens the U.S. Securities and Exchange Commission (SEC) has declared to be securities are not listed on its platform. The SEC recently said in a lawsuit against a former Coinbase product manager that nou tokens criptogràfics són valors. Són AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX i KROM.

Binance US explained:

In its suit, the SEC named nine digital assets that it alleges are securities. Of those nine tokens, only amp (AMP) is listed on the Binance.US platform.


“Out of an abundance of caution, we have decided to delist the AMP token from Binance.US, effective August 15, 2022,” the crypto exchange announced Monday.

Binance US detailed that on Aug. 15, AMP deposits on its platform will be closed at 9:00 p.m. EDT and the AMP/USD trading pair will be removed at 11:00 p.m. EDT. “All trade orders will be automatically removed after trading ceases for the trading pair,” the announcement states.

L'intercanvi va aclarir que està fent aquest pas fins que hi hagi més claredat al voltant de la classificació de la criptomoneda, i va afegir que la moneda podria reprendre la negociació en algun moment en el futur.

The price of AMP fell sharply following the delisting announcement by Binance US. At the time of writing, AMP is trading at $0.0081411, down 11% in the past 24 hours.





Mentre que Binance US has taken a cautious approach to crypto tokens that may be deemed securities by the SEC, the Nasdaq-listed cryptocurrency exchange Coinbase has chosen to fight the securities regulator.

Després de la demanda contra el seu antic empleat, Coinbase va publicar una publicació al bloc on afirmava que no inclou cap valor. El director legal de l'intercanvi, Paul Grewal, escriure: "Coinbase no inclou valors a la seva plataforma. Fi de la història." L'executiu també va criticar la SEC, afirmant: "En lloc de dialogar amb nosaltres sobre els set actius de la nostra plataforma, la SEC va saltar directament al litigi".

La setmana passada, van aparèixer informes que la SEC podria estar investigant Coinbase sobre les seves llistes de valors criptogràfics.

Què pensa vostè sobre Binance delisting AMP after the SEC said it’s a security? Let us know in the comments section below.

Font original: Bitcoin.com