Bitstamp to discontinue the exchange of altcoins in US

According to Cointelegraph, Bitstamp, a cryptocurrency exchange, will suspend trading of Axie Infinity, Chiliz, Decentraland, Polygon, Near, Sandbox and Solana for customers residing in the United States. It is expected this initiative will start on August 29, 2023.

Sources revealed that the firm did not mention the reason for their suspension. It is believed all seven tokens are alleged by the U.S. Securities and Exchange Commission (SEC) to be unregistered securities in its complaints against cryptocurrency exchanges Binance and Coinbase, Cointelegraph added.