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

By Bitcoin.com - 1 tau ki muri - Wā Pānui: 2 meneti

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 e iwa nga tohu crypto he haumaru. Ko AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, me 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.

I whakamarama te whakawhitiwhiti kei te mahi i tenei mahi kia nui ake te maarama mo te whakarōpūtanga o te cryptocurrency, me te taapiri ka taea e te moni te hokohoko ano i etahi wa kei te heke mai.

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.





Ahakoa 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.

I muri mai i te whakawakanga mo tana kaimahi o mua, ka whakaputahia e Coinbase he pou rangitaki e kii ana kaore i te raarangi i nga tohu. Ko te apiha ture matua o te whakawhitiwhiti, a Paul Grewal, tuhituhi: "Karekau a Coinbase e whakarārangihia nga peeke i runga i tana turanga. Te mutunga o te korero.” I whakahee ano te kaiwhakahaere ki te SEC, e kii ana: "Engari i te korero ki a matou mo nga rawa e whitu i runga i ta maatau papaahi, ka peke tika te SEC ki te whakawakanga."

I tera wiki, i puta mai nga purongo ka taea e te SEC te tirotiro i te Coinbase mo ana rarangi o nga moni crypto.

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Kuputuhi taketake: Bitcoin.com