Customers had previously been able to sell or withdraw—but not buy—the asset through the Toronto-based fintech’s platform. The company told clients in an email Monday that it would stop supporting the cryptocurrency permanently as of Aug. 31. (The Logic)
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Customers had previously been able to sell or withdraw—but not buy—the asset through the Toronto-based fintech’s platform. The company told clients in an email Monday that it would stop supporting the cryptocurrency permanently as of Aug. 31. (The Logic)
Talking point: TerraUSD and Luna, two tokens affiliated with the Terra blockchain network, collapsed in May amid a steep drop in crypto prices. Luna was one of the most valuable cryptocurrencies, with a market cap over US$30 billion prior to its downfall. Wealthsimple halted purchases of Luna shortly afterward. In its email to customers, Wealthsimple attributed its latest decision to a “material change” in the token’s risk profile. “Given the material changes to [Luna], the asset has since gone through a reassessment by our compliance team and the decision was made to delist,” spokesperson Juanita Leon told The Logic.
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