Coinbase Delists 5 Cryptocurrencies Amid Listing Standards Review.

Friday, May 16, 2025 4:56 pm ET1min read
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Coinbase has delisted 5 cryptocurrencies: Galxe, Parsiq, Mines of Dalarnia, Litentry, and Orion Protocol. The exchange cites a listing standards review as the reason for delisting. Coinbase has accelerated delistings and users can still withdraw their assets. Trading for these assets will no longer be possible on Coinbase, but holders can transfer them to other exchanges where they are still listed.

Coinbase has announced the delisting of five cryptocurrencies: Galxe (GAL), Parsiq (PRQ), Mines of Dalarnia (DAR), Litentry (LIT), and Orion Protocol (ORN). The exchange cited a review of its listing standards as the reason for the delistings. Users are advised to withdraw their assets before trading is suspended.

The delisted tokens include the original DAR token, which was previously associated with the blockchain game Mines of Dalarnia. The game has since transitioned to a broader Web3 ecosystem called the DAR Open Network, with a new token (D) supporting governance, staking, and advanced multichain utilities. The original DAR token is no longer compliant with Coinbase's listing standards.

Trading for these assets will no longer be possible on Coinbase, but holders can transfer their tokens to other exchanges where they are still listed. Coinbase has advised users to either sell or withdraw their tokens before trading is suspended.

Some market participants believe the recent price surge in DAR could be attributed to a coordinated effort by traders to attract more buyers before the delisting. The token saw a nearly 690% price increase on May 15, 2025, amid high trading volume and increased retail curiosity. The DAR token was in limit-only trading mode, which can amplify price movements and potentially trigger a broader cascade of reactive trading.

Coinbase's decision to accelerate delistings and the potential impact on the cryptocurrency market will be closely watched by investors and financial professionals. The delisted tokens' performance on other exchanges and the broader market will provide insights into the market's reaction to Coinbase's actions.

References:
[1] https://crypto.news/heres-why-mines-of-dalarnias-dar-crypto-rallied-over-600-today/

Coinbase Delists 5 Cryptocurrencies Amid Listing Standards Review.

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