Bitstamp Halts Trading for Polygon and Six Other Tokens in the US

Bitstamp, the longest-running cryptocurrency exchange on the planet, recently declared a massive transform for its customers in the US. By the end of August, trading will halt on Poly and its companion tokens – Near Protocol (NEAR), Solana (SOL), Decentraland (Mana), Axie Infinity (AXS), Chiliz (CHZ), and The Sandbox (SAND) – due to these assets now being categorized as unregistered securities by the US Securities and Exchange Commission (SEC) ^ per the Exchange’s statement issued on Tuesday. Additionally, customers in the US will still be able to maintain/withdraw the respective tokens, however not trade them. Bitstamp added that its decision to to cease field was based on “ recent developments” and particularly for those using the crypto exchange residing in the US. This move has outlined a box of type for other exchanges as the existing clash between digital assets industry and regulation in the United States persists and deepens. revoking their transactions trading of the tokens as well. Other noteworthy names increasing this deflection from the U.S. SEC include Revolut, eToro, and Robinhood.

Robert Wilson author
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