Coinbase Announces Upgrade and Adds Two New Cryptocurrencies

Coinbase has issued an upgrade alert for July 19, 2025, with a duration of 3 hours. Trading, deposits, withdrawals, and Coinbase Card use may be unavailable during the upgrade. The exchange has also added two new cryptocurrencies, Newton (NEWT) and Sonic (S), and notified users of a transition for Horizen (ZEN) to an ERC-20 token on Base. Users are urged to refrain from depositing, transferring, or trading ZEN from July 16 to July 25, as any deposits during this period will be non-recoverable.

Coinbase has announced an upgrade scheduled for July 19, 2025, which will last for 3 hours. During this period, trading, deposits, withdrawals, and Coinbase Card use may be unavailable. The exchange has also added two new cryptocurrencies, Newton (NEWT) and Sonic (S), and notified users of a transition for Horizen (ZEN) to an ERC-20 token on Base. Users are urged to refrain from depositing, transferring, or trading ZEN from July 16 to July 25, as any deposits during this period will be non-recoverable.

The upgrade is part of Coinbase's ongoing efforts to enhance its platform and services. The new cryptocurrencies, Newton (NEWT) and Sonic (S), were added to diversify Coinbase's offerings and cater to the growing demand for innovative digital assets. The Newton Protocol's NEWT token, developed by Magic Labs, is a crypto UX on-chain automation protocol powered by AI agents, allowing users to delegate complex, cross-chain actions to AI agents [2]. Sonic (S), a Layer-1 blockchain, has seen a notable price rebound following its Coinbase listing, which distributed one of its biggest airdrops throughout June [2].

Coinbase's recent actions highlight its commitment to expanding its services and offerings, including its entry into the regulated EU market with the MiCA license. The exchange has listed POPCAT and SQD for German residents, further demonstrating its strategic approach to entering new markets [2]. The upgrade and new listings are part of Coinbase's broader strategy to become a "crypto universal bank," offering a wide range of financial services beyond simple trading [1].

References:
[1] https://www.investing.com/news/stock-market-news/coinbase-target-raised-to-street-high-at-bernstein-calling-it-misunderstood-4110663
[2] https://cryptonews.net/news/market/31165887/