Coinbase delisted Binance USD (BUSD), CEO Armstrong blames liquidity issues
Join Our Telegram channel to stay up to date on breaking news coverage Coinbase recently decided to delist Binance USD (BUSD), a popular stablecoin that was issued by Paxos, but had Binance’s branding. As the exchange made the decision to delist it, its CEO, Brian Armstrong, came out to explain the situation. According to him, BUSD trading has been suspended because Coinbase had concerns regarding the asset’s liquidity. Before Armstrong’s explanation, Coinbase said that the reason for the delist ing was based on the exchange’s internal monitoring and review of the stablecoin. The exchange hinted that BUSD no longer meets its standards, and as such, it cannot stay on the list. However, the exchange did not explain what was the issue . Coinbase worries about BUSD liquidity now that Paxos stopped minting Armstrong himself appeared on Bloomberg TV on Wednesday morning, and he explained the move and the decision to unlist the asset. He said that “The r...