Coinbase, a top-tier cryptocurrency exchange, has officially removed five altcoins from its platform:
- Galxe (GAL)
- Parsiq (PRQ)
- Mines of Dalarnia (DAR)
- Litentry (LIT)
- Orion Protocol (ORN)
The delisting resulted from a routine review to ensure compliance with Coinbase’s operational standards. While exact reasons weren’t specified, potential causes include:
- Low trading volume
- Reduced project activity
- Regulatory uncertainties
Key Details of the Delisting
- Trading Disabled: The tokens are now in "limit-only" mode, restricting orders before full removal.
- Withdrawals Allowed: Users can still transfer assets to external wallets or other exchanges.
- Portfolio Impact: Investors should reassess holdings affected by the delisting.
👉 Explore secure alternatives for trading delisted tokens
Why Delistings Happen
Exchanges like Coinbase periodically review tokens to:
- Maintain regulatory compliance
- Ensure market liquidity
- Protect users from high-risk assets
Recent Context
Coinbase’s action follows:
- A hacking attempt (with a $20M bounty offered by the CEO)
- Earlier suspension of Movement (MOVE) trading
FAQs
Q: Can I still withdraw my delisted tokens from Coinbase?
A: Yes. Withdrawals remain open indefinitely.
Q: Why were these specific tokens delisted?
A: Likely due to low trading volume or compliance issues, though Coinbase hasn’t confirmed specifics.
Q: Should I sell my delisted tokens immediately?
A: Evaluate the project’s future viability. Transfers to other platforms may be preferable.
👉 Learn how to manage delisted assets effectively
Proactive Steps for Investors
- Monitor exchange announcements.
- Diversify holdings to mitigate delisting risks.
- Use decentralized exchanges (DEXs) for tokens with limited centralized support.
Coinbase’s decision underscores the importance of due diligence in crypto investments, where regulatory and market dynamics evolve rapidly.
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