- The exchange will delist seven assets, including MANA, SAND, MATIC and NEAR.
- Users are asked to complete all transactions on these positions by the end of August 2023.
- The company attributed its decision to a “volatile climate.”
The cryptocurrency exchange Bitstamp will delist seven tokens in the United States. The platform will suspend transactions with them effective August 29, 2023.
The list includes the following assets: AXS, CHZ, MANA, MANA, MATIC, NEAR, SAND and SOL. Users have until the end of August to close orders on these positions or the exchange will do so forcibly, according to a statement from the company.
Bitstamp clarified traders will not lose access to their accounts in these tokens. Withdrawals will remain available after Aug. 29.
The company did not give an exact reason for the decision, citing the volatile business climate. Notably, these tokens are included in the new CoinGecko index.
Reminder, it displays the change in performance of those crypto assets that the U.S. Securities and Exchange Commission (SEC) has classified as securities.
Most of these assets are showing negative price dynamics, according to CoinGecko data. For the week, AXS sagged 2.2%, CHZ was down 1.3%, MANA was down 4.3%, and SAND was down 3.7%.
We previously reported that fintech firm Revolut ended support for tokens ADA, MATIC, and SOL. In early August 2023, the company said it would completely suspend cryptocurrency transactions as of Oct. 3.
Polygon Labs and Solana Labs commented on the SEC’s stance on their tokens. Both organizations disagree with this classification.