Bitstamp to Suspend Trading for Certain Crypto Tokens in the US: MATIC, NEAR, SOL, Other Virtual Currencies

At Bitstamp, they claim to have a comprehensive framework in place to continuously evaluate the cryptocurrencies we provide, “taking into account the dynamic regulatory environment. Considering recent developments, they are making some changes to our crypto offerings—specifically for our customers residing in the United States.”

Starting from August 29, 2023, Bitstamp will be “suspending trading for the following cryptocurrencies in the US: AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL.”

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.” However, Bitstamp wants to emphasize that you “will still be able to hold these assets within your Bitstamp account and withdraw them at any time.”

To ensure a smooth transition during the trade halt, the firm kindly requests their users “to promptly execute any desired buy or sell orders involving the affected assets before August 29, 2023. After this deadline, trading activities related to AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL will be permanently disabled on the Bitstamp platform.”

Bitstamp thanks you “for your understanding in this matter and they understand that you may have questions or concerns.”

At Bitstamp, they claim to “remain committed to providing a comprehensive range of trading options.”

Despite this halt, they continue “to offer up to 30 available cryptocurrencies to trade.”

Bitstamp USA, Inc. is licensed “to engage in Virtual Currency Business Activity by the New York State Department of Financial Services.” Licensed as “a Money Transmitter by the New York State Department of Financial Services.”

As noted by its management, Bitstamp claims it is “the world’s longest-running cryptocurrency exchange, continuously supporting the Bitcoin economy since 2011.”

With a “proven” track record and mature approach to the industry, Bitstamp provides “a secure and transparent venue to over four million customers and enables partners to access emerging crypto markets through time-proven infrastructure.”

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