In an unexpected move that has sent ripples through the crypto industry, major exchange Bitstamp has unveiled a sweeping adjustment to its offerings, primarily affecting its U.S.-based customers.
Starting from Aug. 29, Bitstamp will temporarily halt trading activities involving a cluster of high-profile tokens, including Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), NEAR, Sandbox (SAND) and most importantly, Solana (SOL). This maneuver comes in the wake of an ever-evolving regulatory landscape that has prompted the exchange to meticulously assess its portfolio.
This trading suspension translates to a temporary freeze on new orders associated with the aforementioned tokens. Existing orders, spanning an array of trading pairs, will be voided. It is imperative to note, however, that users will still retain the ability to hold these assets within their Bitstamp accounts and effectuate withdrawals at their convenience.
In a bid to streamline this transition, Bitstamp urges its users to expeditiously execute any impending buy or sell orders involving the affected assets before the impending cutoff. Beyond this juncture, the trading curtains will descend permanently on the mentioned digital assets.
Though this suspension creates a void, Bitstamp assures its diverse clientele that over 30 alternative cryptocurrencies, including XRP, remain up for trading. The exchange also highlights that its unwavering dedication to adaptability and compliance remains resolute.
Tomiwabold Olajide
Godfrey Benjamin
