Binance.US Delists Cryptocurrency Cited by SEC as a Security

Binance.US, the U.S.-based arm of crypto exchange Binance delisted a small cryptocurrency in the wake of the Securities and Exchange Commission’s investigation into insider trading at rival Coinbase Global Inc.

Binance on Monday said it was delisting the AMP token as of Aug. 15. The cryptocurrency trades for less than a penny with a market value of less than $400 million, according to CoinMarketCap.

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