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Coinbase Delists Five Tokens Due To Upgrades, Effective May 16, 2025

Coin WorldSaturday, May 3, 2025 9:33 am ET

2min read

Coinbase, a prominent cryptocurrency exchange, has announced that it will delist five tokens, including Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), orion protocol (ORN), and PARSIQ (PRQ), effective May 16, 2025. This decision is not due to poor performance or security issues but rather because these tokens have released new versions, making the original versions listed on coinbase outdated and no longer meeting the platform’s listing standards.

Coinbase has taken this step to ensure the safety, reliability, and clarity for its users. When tokens undergo major upgrades or migrate to new contracts, the old versions can cause problems or stop working well. Therefore, Coinbase is removing these older tokens from trading to maintain the integrity of its platform.

To facilitate a smooth transition, Coinbase has already moved all five token pairs to limit-only mode. This means users can still place or cancel limit orders, and trades may occur, but no market orders or advanced trading types are currently supported. This change serves as a heads-up to the community to take necessary actions before the full suspension takes effect.

Users who hold any of these tokens on Coinbase are advised to withdraw their holdings or convert them before May 16. After the suspension, the ability to trade these tokens on Coinbase will be lost. This move is part of Coinbase's ongoing efforts to upgrade its token offerings and ensure compliance with regulatory standards.

This delisting is expected to have a significant impact on users who currently hold these assets on the platform. It is also part of a broader trend in the cryptocurrency industry, where exchanges are increasingly focusing on compliance and regulatory adherence. This move by Coinbase is likely to prompt other exchanges to review their token listings and consider similar actions to ensure they are in line with evolving regulatory requirements.

The delisting of these tokens may also lead to a shift in market dynamics, as users seek alternative platforms to trade these assets or explore other investment opportunities. This decision reflects the broader challenges faced by the cryptocurrency industry, where exchanges are under increasing pressure to comply with regulatory standards and ensure the security of their platforms.

In conclusion, the delisting of these tokens by Coinbase is a significant development in the cryptocurrency industry. It underscores the exchange's commitment to regulatory compliance and its efforts to maintain the trust of its users. As the industry continues to evolve, exchanges will need to adapt to changing regulatory requirements and ensure the security of their platforms. This move by Coinbase is a clear indication of the exchange's dedication to these principles and its efforts to maintain its position as a leading player in the cryptocurrency market.

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