Coinbase to Delist Five Tokens Due to Contract Upgrades

By: cryptodnes bg|2025/05/04 13:15:01

Crypto exchange giant Coinbase has announced it will end support for five digital assets on May 16, 2025. The tokens affected are Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN), and PARSIQ (PRQ). The decision applies to all Coinbase trading platforms, including Coinbase.com, Coinbase Exchange, and Coinbase Prime, and is scheduled to take effect at approximately 2 PM ET. The move stems from the fact that these tokens have undergone major upgrades. New versions of each have been launched by their respective developers, making the current versions listed on Coinbase obsolete. In line with its internal standards, Coinbase is removing the outdated contracts to maintain a secure and up-to-date trading environment. To prepare for the change, Coinbase has already switched these assets into limit-only mode. This temporary setting allows users to place or cancel limit orders, but other order types are restricted until the full suspension kicks in. Users still holding any of the affected tokens are being advised to review their accounts promptly. Options may include converting or withdrawing the assets before the cutoff date, as trading will no longer be possible on the platform after that point. This delisting isn’t tied to any security issues or price concerns—it’s purely a result of technical changes on the part of the token issuers.

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