In the ever-changing digital currency market, a piece of heavy news hit like a depth bomb: Currency Security announced that it would stop supporting BUSD! Gradually delisting spot and leveraged trading. This news was like an earthquake, which made the entire digital currency market boil, and investors' moods fluctuated accordingly. Let's explore the impact of this incident and possible future trends.

Market turmoil: Digital currency exchange giant Currency Security announced that it would stop supporting BUSD

Currency Security is one of the world's largest digital currency exchanges. Its announcement that it will gradually delist BUSD from spot and leveraged trading is undoubtedly a major positive for the market. As a highly-watched stablecoin, BUSD's sudden withdrawal from the trading market is bound to cause market shocks. Investors have said that this news has brought them a lot of anxiety and distress, because they are likely to hold a large amount of BUSD in their portfolios.

Impact analysis: How will the future trend of the digital currency market evolve? 

This sudden incident will inevitably have a profound impact on the digital currency market. First of all, the delisting of BUSD will lead to a sharp drop in the trading volume of the currency, which is undoubtedly a huge blow to investors who hold a large amount of BUSD. Secondly, the market's trust in other stablecoins may be affected to a certain extent, and investors may re-examine their investment strategies. Most importantly, this move by Currency Security has also made people begin to rethink the future trend of the digital currency market, and the market may usher in a new wave of changes.

Investment advice: How to layout the digital currency market? 

Facing the uncertainty of the market, investors need to respond calmly and formulate reasonable investment strategies. First of all, investors can consider diversifying their assets, reducing their dependence on a single digital currency, and reducing risks. Secondly, pay close attention to market trends, adjust their investment portfolios in a timely manner, and grasp the pulse of the market. Finally, stay rational and don't be swayed by short-term market fluctuations. Long-term investment is the key to real profit.

Conclusion: The digital currency market is full of variables, and investment needs to be cautious

In the digital currency market, variables are an eternal theme. Currency Security announced that it would stop supporting BUSD, which undoubtedly brought a strong impact to the market. Investors need to remain calm, respond rationally, and grasp the pulse of the market in order to be invincible in this market full of opportunities and challenges. Let us look forward to the future of the digital currency market together, and believe that after the storm, there will be a rainbow-like beauty!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120Btc.com) News: () issued an announcement today (31) stating that since the issuer Paxos has stopped minting new BUSD tokens, Binance will gradually stop supporting BUSD-related services and products, and will gradually remove BUSD spot and leveraged trading pairs.

In the announcement, Binance reminded users to convert their BUSD into other assets before February 2024, and recommended that BUSD be exchanged for FDUSD with zero fees in the spot market and flash exchange trading platform.

Binance stated that the platform will stop supporting Binance-
PegBUSD token withdrawals through BNBChain, Avalanche, Polygon and Tron from September 7, while the recharge channels will continue to be open until further notice. At the same time, the recharge and withdrawal of BUSD (ERC-20) will also continue to be open until further notice.

In February of this year, the U.S. Securities and Exchange Commission (SEC) issued a Wells Notice to Paxos after determining that Binance's branded stablecoin BUSD was an "unregistered security", stating that the SEC intended to take enforcement action, which immediately alerted the New York Department of Financial Services (NYDFS) and ordered Paxos to stop minting Binance's branded stablecoin BUSD.