Coinbase Cancels Perpetual Futures for Ten Assets Amid Liquidity Concerns

Coinbase is withdrawing ten perpetual futures from trading on August 26, 2026. The contracts affected are those related to Memecoin ($MEME), The Sandbox ($SAND), Moonbirds (BIRB), Blur ($BLUR), Katana (KAT), SPX6900 ($SPX), Zora (ZORA), Axie Infinity ($AXS), Gensyn (AI) and LayerZero ($ZRO).

The decision is part of a series, with six perpetual futures ending in June and nine more set to follow on September 3. The exchange justifies the move by citing an ongoing review of trading volume, market quality, and regulatory requirements.

A common denominator among the contracts being delisted is liquidity. Coinbase explains that a contract with low trading activity can be expensive for the exchange and hazardous for investors.