U.S.-based cryptocurrency exchange Coinbase announced on March 13 that it has suspended trading in the Binance Dollar (BUSD) stablecoin. In its original announcement on Feb. 27, Coinbase cited “listing criteria” as the basis for its decision. The announcement for February is as follows:
“We regularly monitor assets on our exchange to ensure they meet our listing standards. Based on our recent review, Coinbase will suspend Binance USD (BUSD) trading on March 13, 2023 at approximately 12:00PM ET. " According to a Coinbase Twitter post on Feb. 27, the decision applies to Coinbase.com (Simple and Premium), Coinbase Pro, Coinbase Exchange, and Coinbase Prime. On March 13, Coinbase assured its customers that “you will still have access to BUSD funds, and you will continue to be able to withdraw funds at any time.”
On March 8, Coinbase launched a new business solution called Wallet-as-a-Service (WaaS) to help businesses offer Web3 wallets to their customers. WaaS provides customizable on-chain wallets through technical infrastructure, enabling businesses to create and launch these wallets. Additionally, the wallet API provided by WaaS allows businesses to create wallets for simple customer onboarding, loyalty programs, or in-game purchases.
On March 11, Coinbase assured customers that its staking services will continue and “may actually increase” despite the SEC’s recent crackdown on staking services offered by centralized providers.
