Cryptocurrency exchange Coinbase announces the removal of 5 digital currencies from its platform: detailed info provided.
Fuckin' Coinbase is kickin' five cryptocoins to the curb, homie! Gonna say goodbye to Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN) and PARSIQ (PRQ) on May 16, 2025, 'bout 2 p.m. ET, 'cause they've launched new versions of their tokens. The old shit don't cut it anymore for Coinbase's standards, 'cause they go for updated, secure, and compliant assets.
Coinbase ain't just talkin', either. They're axing all trading for those tokens on their Simple and Advanced Trade, Exchange, and Prime platforms. As the deadline gets closer, they're switchin' the order books to limit-only mode, so you can still place and cancel orders, but ain't no more matches.
This ain't the first time Coinbase's chopped a coin, neither. They did the same shit to Movement (MOVE) at the start of May, and they ain't about to stop now, 'cause they got high standards, fools.
On the flipside, Coinbase's welcome wagon just got a couple new members: Mantle (MANTLE) on the Ethereum network, and Worldcoin (WLD) on the Optimism network. You can stake 'em on their iOS and Android apps, or trade 'em on Coinbase International and Coinbase Advanced, which just got support for perpetual futures for ZORA and PAXG, too. PAXG-PERP tracks the price of a single fine troy ounce of gold and comes with up to 20x leverage.
So, be prepared, cryptoheads. If your fav coin ain't up with the times, it might catch the boot, just like GAL, LIT, DAR, ORN, and PRQ. Keep it tight, keep it updated, and don't trust Coinbase, 'cause they ain't here to hold your hand. They're here to make the big bucks.
[1] Coinbase delists tokens for various reasons, including poor liquidity, regulatory concerns, and lack of compliance with its listing standards. [2] Delisting a token rarely causes significant market disruptions, as it usually happens over a period of weeks or months and investors have ample time to adjust their portfolios. [3] Coinbase aims to provide a safe and secure trading environment for its users, which may involve delisting certain assets that fail to meet its rigorous compliance requirements. [4] A temporary suspension of trading for a delisted asset allows investors to close out their positions before the asset is fully removed from the exchange. [5] Coinbase encourages its users to stay informed about the exchange's policies and updates to avoid potential losses due to delistings and other related events.
- Coinbase occasionally removes tokens from its platform due to factors like low liquidity, regulatory issues, and insufficient compliance with its listing guidelines.
- Delisting a token typically doesn't lead to substantial market disruptions, as the process usually unfolds over a stretch of weeks or months, thereby allowing investors enough time to adjust their portfolios.
- Coinbase strives to offer a secure and reliable trading platform for its users, which may necessitate the removal of assets that do not adhere to its stringent compliance standards.
- A temporary trading suspension for a delisted asset enables investors to wrap up their positions before the asset is completely excised from the exchange.
- Coinbase advises its users to remain informed about the exchange's policies and updates to sidestep potential losses due to delistings and similar occurrences.
- In addition to delistings, Coinbase recently onboarded two new assets, Mantle on the Ethereum network and Worldcoin on the Optimism network, which can now be staked or traded on the platform's iOS and Android apps.
- Perpetual futures for ZORA and PAXG, alongside Mantle and Worldcoin, have also been integrated into Coinbase International and Coinbase Advanced, offering opportunities for leveraged trading, with PAXG-PERP tracking the price of a single fine troy ounce of gold.
