While the pressure of US regulatory agencies on cryptocurrency exchanges continues, Bitstamp, one of the oldest cryptocurrency exchanges, has made a new decision.
Bitstamp, which is considered a licensed exchange by the New York financial services department, announced on its website that AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL trading for US customers has been stopped.
In the announcement, it was stated that this decision was taken within the framework of the regulatory environment and the latest developments. The decision will be implemented from 29 August.
“At Bitstamp, we have a comprehensive framework in which we continually evaluate cryptocurrencies taking into account the dynamic regulatory environment. Considering recent developments, we are making some changes to our crypto trading, especially for our customers residing in the United States.
From August 29, 2023, we suspend trading of the following cryptocurrencies in the US: AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL.
This means that as of August 29, 2023, new orders containing these assets will be disabled and all existing orders on all these trading pairs will be cancelled. However, we would like to emphasize that you can still keep these assets in your Bitstamp account and withdraw them at any time.
To ensure a smooth transition during the trading stop, we ask our users to place any desired buy or sell orders on the affected assets before 29 August 2023. After this deadline, AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL will be permanently disabled on the Bitstamp platform.”
