The cryptocurrency exchange Coinbase, which is headquartered in the United States, announced on March 13 that it has stopped Binance encryption. (BU.S.) Stable currency trading.

In its initial statement on February 27th, Coinbase said the underlying cause was "listing standards". It was announced in February that:

"We monitor the property of the trading center from time to time to ensure that they meet our own listing standards. According to our recent review, Coinbase will stop Binance dollars (BU.S.) on March 13, 2023, that is, after 12:00 in the eastern part of the United States. Buy and sell.

According to Coinbase's Feb. 27 tweet, the decision applies to Coinbase.com (simple and high-end), Coinbase Pro, Coinbase Exchange and Coinbase Prime. On March 13th, Coinbase assured customers that you will use your bitwise assets normally and that you will continue to have the strength to acquire your assets anytime, anywhere.

A spokesman for Coinbase explained to Cointelegraph at the time:

"my decision to stop buying and selling US dollars against US dollars is based on our own internal structural monitoring and review process. During the review of BYD, it was clear that it would no longer meet our own listing standards and would be suspended.

On March 8th, Coinbase launched a new business solution called Wallet as a Service (WAAS) to help companies provide Web3 wallets to customers. WAAS provides customized on-chain wallets through technical infrastructure construction, enabling companies to build and distribute such wallets. In addition, the wallet API provided by WAAS allows companies to build wallets for simple customers, loyalty programs, or in-game purchases.

On March 11, Coinbase assured clients that although the Securities and Exchange Commission (Securities And Exchange Commission) had recently cracked down on bets offered by centralized dealers, its bets would persist and "actually increase".