XBTFX Delists BUSD Following Regulatory Concerns

Dear clients,

Based on the Wells Notice that was served to Paxos with regards to the issuence of BUSD we have taken the decision effectively immediately to delist and suspend BUSD from our platform.

Going forward we will be conducting a review of stablecoins and their regulatory status. For the time being, BUSD is the only one that we are delisting and we will be exploring if we can start accepting USDP instead of BUSD.

In addition, we are also considering the possibility of accepting a Gold-backed Tokens such as Paxos Gold or Tether Gold. The primary concern and object of exploration is however their liquidity, or more specific, lack of such.

XBTFX