Binance.US is shutting down its AMP trading services after it was deemed a security by the Securities and Exchange Commission in a recent filing.
Waiting for Regulatory Clarity
Binance is delisting AMP.
The leading crypto exchange announced in a blog post today its intention to delist Flexa’s AMP token on August 15 from its U.S. platform. The decision was made after the Securities and Exchange Commission (SEC) named AMP as security in a fraud case involving a former Coinbase employee.
Binance stated that, while AMP had previously passed the risk assessment process the exchange uses to decide whether or not to list a token, the SEC’s recent filing was pushing the company to delist the token “out of an abundance of caution.” Binance indicated that it would wait for further regulatory clarity before relisting the token.
Interestingly, the exchange hinted that AMP would only be delisted from its Binance.US platform, meaning that Binance customers from elsewhere in the world are likely...
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