Binance.US Delists Cryptocurrency Cited by SEC as a Security
- Date: 02-Aug-2022
- Source: The Wall Street Journal
- Sector:Financial Markets
- Country:Jordan
Binance.US Delists Cryptocurrency Cited by SEC as a Security
When cryptocurrency lending platform Celsius froze user accounts amid a plunge in valuations, it sent ripples across the industry and raised questions about what happens to user assets if a crypto platform files for bankruptcy. WSJ’s Vicky Ge Huang explains. Photo illustration: Jordan KranseUpdated Aug. 1, 2022 2:56 pm ETBinance.US, the U.S.-based arm of crypto exchange Binance delisted a small cryptocurrency in the wake of the Securities and Exchange Commission’s investigation into insider trading at rival Coinbase Global Inc.
Binance on Monday said it was delisting the AMP token as of Aug. 15. The cryptocurrency trades for less than a penny with a market value of less than $400 million, according to CoinMarketCap.
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