.Coinbase CEO Brian Armstrong said on Wednesday the exchange decided to suspend trading of Binance USD (BUSD) because the company had concerns about its liquidity. HeleneBraunn reports
The crypto exchange had previously said the reason for delisting BUSD was that based on its own internal monitoring and review processes, it no longer met its listing standards, but it didn’t supply any additional details.
On Wednesday morning, Armstrong appeared on Bloomberg TV and gave a more detailed explanation for the move. “The reason we did that was that Paxos, the issuer of BUSD, had been ordered to stop minting it, so we were concerned about liquidity issues for our customers,” Armstrong said.
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