News Explorer — Bitstamp Will Halt Trading for Several Altcoins in the US Amid Regulatory Uncertainty

Bitstamp Will Halt Trading for Several Altcoins in the US Amid Regulatory Uncertainty

Crypto exchange Bitstamp announced that it will permanently suspend trading for several altcoins for its U.S.-based users starting from August 29, 2023. The assets affected by the suspension include Axie Infinity AXS, Chiliz CHZ, Decentraland MANA, Polygon MATIC, NEAR Protocol NEAR, The Sandbox SAND, and Solana SOL. Bitstamp hinted at the SEC’s move to classify these tokens as unregistered securities in its complaints against Binance and Coinbase.

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