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Binance.US delists token amid SEC’s insider trading probe at Coinbase

APM token was cited by the SEC as an unregistered security as part of its investigation of insider trading at Coinbase

Binance.US, the US-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.

Binance on 1 August said it was delisting the AMP token as of 15 August. The cryptocurrency trades for less than a penny with a market value of less than $400m, according to CoinMarketCap.

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