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 нӯҳ аломати крипто коғазҳои қиматнок мебошанд. Онҳо AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX ва KROM мебошанд.

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.

Биржа тавзеҳ дод, ки ин қадамро то он даме, ки возеҳияти бештар дар бораи таснифи криптовалют вуҷуд дорад, мегузорад ва илова кард, ки танга метавонад дар як лаҳза дар оянда савдоро дубора оғоз кунад.

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.





ҳол он 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.

Пас аз даъво алайҳи корманди собиқи худ, Coinbase як блоги худро нашр кард, ки дар он изҳор дошт, ки ҳеҷ гуна коғазҳои қиматнокро номбар намекунад. Сармутахассиси ҳуқуқии биржа Пол Груал, навишт: "Coinbase коғазҳои қиматнокро дар платформаи худ номбар намекунад. Охири ҳикоя." Иҷроия инчунин SEC-ро танқид карда, изҳор дошт: "Ба ҷои гуфтугӯ бо мо дар бораи ҳафт дороии платформаи мо, SEC мустақиман ба баҳси додгоҳӣ ҷаҳиш кард."

Ҳафтаи гузашта гузоришҳо пайдо шуданд, ки SEC метавонад Coinbase-ро бар рӯйхатҳои коғазҳои қиматноки криптографии худ тафтиш кунад.

Шумо дар бораи чӣ фикр мекунед? Binance delisting AMP after the SEC said it’s a security? Let us know in the comments section below.

Манбаъи аслӣ: Bitcoin.com