Bitstamp will suspend trading of major altcoins for US users

All tokens soon to be suspended are alleged by the SEC as securities in its lawsuit against Coinbase and Binance.

Cryptocurrency exchange Bitstamp will suspend trading of Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), Near (NEAR), Sandbox (SAND) and Solana (SOL) ) for customers residing in the United States starting August 29.

According to the August 8 announcement, trading of the aforementioned seven cryptocurrencies will soon no longer be available to US clients due to "recent developments". Although the company did not specify the reason for their suspension, the seven tokens are alleged by the United States Securities and Exchange Commission (SEC) to be unregistered securities in its complaints against cryptocurrency exchanges Binance. and Coinbase. Bitstamp wrote:

"We kindly ask our users to promptly execute any desired buy or sell orders involving the affected assets by August 29, 2023. After this deadline, trading activities related to AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL will be permanently disabled on the Bitstamp platform."

Although trading will soon be halted, Bitstamp says users can still keep all seven tokens in their accounts and withdraw them at any time. The SEC's allegations against the tokens have yet to be proven in court. However, other fintech companies, such as Revolut, have voluntarily delisted them for US residents as part of the SEC's litigation against Binance and Coinbase. The sandbox...