Cryptocurrency Q&A
Is busd still available?
Is busd still available?
CryptoPioneerGuard
Thu Aug 01 2024
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6 answers
1081
Could you please clarify for me if BUSD, or Binance USD, is still available for trading and use in the cryptocurrency market? I'm interested in knowing if it's still an accessible and viable option for those looking to invest or use digital currencies. Additionally, I'd like to know if there have been any recent developments or changes that may affect its availability or popularity. Thank you for your assistance.
6 answers
Lorenzo
Sat Aug 03 2024
Binance, a leading cryptocurrency exchange, has announced that it will cease support for the BUSD stablecoin on December 15th. This decision comes after the stablecoin's issuer, Paxos, was instructed earlier this year to halt the minting of the token.
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MysticGlider
Fri Aug 02 2024
Meanwhile, UK-based cryptocurrency exchange BTCC offers a range of services to its users, including spot trading, futures trading, and wallet services. BTCC's platform is designed to provide a secure and user-friendly experience for traders of all levels.
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SumoMight
Fri Aug 02 2024
The decision by Binance to drop support for BUSD is a significant move in the cryptocurrency market. BUSD has been a popular stablecoin, offering users a way to maintain the value of their digital assets without the volatility associated with other cryptocurrencies.
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KpopHarmony
Fri Aug 02 2024
In August, Binance had already indicated its intention to gradually phase out support for BUSD by February 2024. However, the recent developments with Paxos have accelerated this timeline, leading to the December 15th deadline.
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Andrea
Fri Aug 02 2024
It is unclear at this time what impact the withdrawal of support for BUSD will have on the cryptocurrency market. Some users may seek alternative stablecoins or other investment options, while others may continue to hold BUSD in anticipation of a resolution.
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