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

By Bitcoin.com - 1 year ago - Am Léitheoireachta: 2 nóiméad

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 Is urrúis iad naoi chomharthaí cripte. Is iad AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, agus KROM iad.

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.

Shoiléirigh an malartú go bhfuil an chéim seo á ghlacadh aige go dtí go mbeidh níos mó soiléire ann maidir le haicmiú an cryptocurrency, ag cur leis go bhféadfadh an bonn trádáil a atosú ag pointe éigin sa todhchaí.

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.





Cé go 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.

Tar éis an dlí i gcoinne a iarfhostaí, d'fhoilsigh Coinbase post blag ag rá nach liostaíonn sé aon urrúis. Príomhoifigeach dlí an mhalartaithe, Paul Grewal, Scríobh: “Ní liostaíonn Coinbase urrúis ar a ardán. Deireadh an scéil.” Cháin an feidhmeannach an CSS freisin, ag rá: “In ionad idirphlé a bheith againn linn faoi na seacht sócmhainní ar ár n-ardán, léim CSS go díreach chuig dlíthíocht.”

An tseachtain seo caite, tháinig tuairiscí chun solais go bhféadfadh an CSS a bheith ag imscrúdú Coinbase ar a liostaí d'urrúis cripte.

Cad a cheapann tú Binance delisting AMP after the SEC said it’s a security? Let us know in the comments section below.

Foinse bunaidh: Bitcoin.com