Cryptocurrency exchange Bitstamp intends to delist several major altcoins from its range of available assets in August due to a decision by the U.S. Securities and Exchange Commission, according to Chinese cryptojournalist Colin Wu.
Altcoins to be delisted on August 29 include SOL, AXS, CHZ, MANA, MATIC, NEAR, and SAND, Wu said on his X (Twitter) page, citing Bitstamp.
Loading...
According to Bitstamp's website, the exchange systematically reviews the list of cryptocurrencies for their liquidity and regulatory environment.
"In light of recent developments, we are making some changes to our crypto offerings specifically for our clients residing in the United States," the exchange said in a statement.
This means that as of August 29, new orders on SOL, AXS, CHZ, MANA, MATIC, NEAR, and SAND will be automatically closed, and all existing orders on these pairs will be canceled.
At the same time, the exchange reminds holders of these assets that they can still store these assets in their Bitstamp account and withdraw them at any time.
In order to ensure a smooth transition and uninterrupted trading, Bitstamp is asking users to execute all buy or sell orders related to the assets in question before the deadline.
Despite the exclusion of seven altcoins, the exchange still offers a wide list of assets available for trading, consisting of 30 cryptocurrencies.
Read also: Justin Sun bought 77.8 million DAI and invested in Maker.
