Bitstamp Halts Trading of Multiple Cryptos for US Users

The oldest cryptocurrency exchange Bitstamp is suspending
the trading of multiple tokens on its platform for users in the US.
In a statement issued yesterday (Tuesday), the exchange said without specifying the details that the decision was
due to the recent developments in the US market.

Beginning August 29,
Bistamp will suspend the trading of Axie Infinity (AXS), Decentraland (MANA),
Chiliz (CHZ), Sandbox (SAND), and Solana (SOL) for the users in the US.
However, the exchange’s users can still hold or dispose of the tokens, the
company said.

“This means that as
of August 29, 2023, new orders involving these assets will be disabled, and all
existing orders across all these trading pairs will be cancelled,” the
crypto exchange
Exchange

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv
Read this Term explained. “However, we want to emphasize that you will
still be able to hold these assets within your Bitstamp account and withdraw
them any time.”