Major exchange Bitstamp has announced a significant modification to its products that will mostly effect its American consumers, causing shockwaves across the cryptocurrency market.
A number of well-known tokens, including Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), NEAR, Sandbox (SAND), and most significantly, Solana (SOL), will temporarily be off-limits for trade beginning on August 29 on Bitstamp. This action has been taken in response to a constantly changing regulatory environment that has forced the exchange to carefully review its portfolio.
New orders for the aforementioned tokens will temporarily be frozen as a result of this trading halt. Existing orders for several trading pairs will be cancelled. But it’s important to remember that customers will still be able to store these assets in their Bitstamp wallets and withdraw them whenever they choose.
Bitstamp invites its customers to swiftly carry out any upcoming purchase or sell orders involving the impacted assets before the anticipated shutdown in an effort to simplify this transition. Beyond this point, trade in the aforementioned digital assets will be permanently suspended.
Despite the gap created by this suspension, Bitstamp informs its wide range of customers that over 30 other cryptocurrencies, including XRP, are still available for trade. The exchange also shows how steadfastly committed it remains to adaptation and compliance.
