Coinbase Ditches Five Crypto Tokens in Bid to Improve Market Health
Coinbase has removed trading support for five cryptocurrency tokens in an effort to improve market health and consolidate liquidity. The affected tokens are Idex (IDEX), Loopring (LRC), Omni Network (OMNI), Pirate Nation (PIRATE), and StaFi (FIS). Trading of these tokens has been suspended on Coinbase's Simple and Advanced Trade, Exchange, and Prime platforms.
Holders of the affected tokens will still have access to their funds and can withdraw them at any time. This move is part of Coinbase's regular market monitoring efforts.
Earlier this week, Coinbase announced the suspension of six trading pairs due to similar reasons. The exchange has also made other announcements in August, including the addition of oil perpetual futures and the upcoming launch of US500 Equity Index perp-style futures on August 17.