Coinbase has confirmed suspending trading for five cryptocurrencies on May 16, 2025. According to an official post on X, the exchange was decided after a recent asset review.

The affected tokens are Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN), and PARSIQ (PRQ). Coinbase explained that updated versions of these tokens have been released, and the original versions no longer meet the platform’s listing criteria.

Trading operations will stop across all Coinbase trading platforms: Simple and Advanced Trade, Coinbase Exchange, and Coinbase Prime. Before the suspension became effective, the platforms switched their token order books to limit-only mode. The platform enables users to submit and remove limit orders before the delisting works in full, but order matching continues until the operation takes effect.

The company actively monitors all assets on its platforms to verify that they fulfill mandatory standards. Regular assessments help the company identify which assets should be removed due to new criteria and token functionality modifications.

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In a related move, Coinbase also announced that Movement (MOVE) will be delisted on May 15, 2025. Similar to the five tokens previously mentioned, trading for MOVE will also be suspended on all Coinbase platforms.

Coinbase Introduces New Listings and Expands Futures Offerings

While removing outdated tokens, Coinbase has added fresh assets to its trading lineup. Mantle (MANTLE), an ERC-20 token operating on the Ethereum network, is now available on the Coinbase mobile apps. Users can buy, sell, send, receive, store, and convert tokens through supported services.

Worldcoin (WLD) operates on the Optimism network and is currently available on Coinbase. Users can access it through iOS and Android applications. The Coinbase listings demonstrate the company’s dedication to adding newer blockchain projects and market-demanded tokens with ongoing development activities.

On Coinbase International and Coinbase Advanced, two perpetual futures contracts have also been introduced. Users can trade both ZORA-PERP and PAXG-PERP contracts. PAXG-PERP stands as Coinbase’s initial commodity-based perpetual future. This contract tracks one fine troy ounce of gold prices, allowing traders to leverage up to twenty times.

Coinbase evolves its crypto offerings through token depreciations and implements new digital assets alongside complex trading services. The company pursues these measures to provide a secure trading environment that upholds high standards.

Conclusion

Coinbase’s latest updates reflect its commitment to aligning platform assets with evolving market standards. By retiring outdated tokens and introducing new listings, the exchange continues to refine its offerings to meet regulatory and user expectations.

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