Coinbase Removes Five Crypto Tokens as Exchange Reshapes Trading Markets

• Coinbase removed trading support for five cryptocurrencies, although customers can still access and withdraw their affected holdings from the exchange.
• Six non-dollar trading pairs were suspended as Coinbase consolidates liquidity while maintaining support for the underlying cryptocurrencies across its platforms.
• Coinbase expanded derivatives with oil perpetual futures while preparing US500 contracts and suspending AZTEC perpetual futures trading on August 17.

 

Coinbase has removed trading support for five cryptocurrencies while making broader adjustments across its spot and derivatives markets. According to Coinbase’s update on X, the affected cryptocurrencies are Idex, Loopring, Omni Network, Pirate Nation, and StaFi.

Trading for IDEX, LRC, OMNI, PIRATE, and FIS has been disabled across Coinbase Exchange, Advanced Trade, and Coinbase Prime. However, customers still retain access to their holdings despite losing the ability to trade these cryptocurrencies through Coinbase.

Users can withdraw the affected assets, allowing holders to move their balances to external wallets or other supported platforms. Moreover, the suspension only affects trading support and does not prevent customers from accessing cryptocurrencies already held in their accounts. Coinbase regularly reviews markets on its exchange while considering liquidity conditions and the overall health of trading activity across its platforms.

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Coinbase Adjusts Six Non-Dollar Trading Pairs

Besides removing five cryptocurrencies from trading, Coinbase has suspended six non-dollar pairs as part of its liquidity consolidation efforts. Those markets include LSETH-ETH, MINA-EUR, GRT-GBP, MASK-GBP, CHZ-USDT, and CRO-USDT across several Coinbase trading services.

Significantly, these suspensions differ from the five-token removal because Coinbase still supports the underlying assets involved in those pairs. The exchange explained that regular market monitoring helps determine where trading activity should remain available across its different services.

Meanwhile, Coinbase has expanded its derivatives offering by adding BRENT and WTI oil perpetual futures to its growing product lineup. Australian wholesale customers also gained access to perpetual futures covering more than 150 cryptocurrencies, alongside several available collateral options.

More than 40 assets are supported as collateral, giving eligible wholesale customers additional flexibility when managing leveraged cryptocurrency positions.

Coinbase Prepares Further Derivatives Changes

Coinbase plans to introduce US500 Equity Index perpetual-style futures on August 17 through its expanding derivatives platform. The contract will provide eligible customers with derivatives exposure linked to large-cap companies operating across the United States economy.

However, Coinbase will suspend AZTEC-PERP perpetual futures trading on August 17 at approximately 13:00 UTC. Any positions remaining open when trading ends will receive automatic settlement under Coinbase’s established procedure for the contract.

Coinbase will calculate settlement using the average index price recorded during the 60 minutes preceding the trading suspension. Furthermore, the exchange will set the funding rate at zero during the final funding period before settlement.

Overall, Coinbase is reducing selected cryptocurrency markets while simultaneously broadening other parts of its derivatives business. Customers affected by the five-token suspension can still access and withdraw their holdings despite losing Coinbase trading support.

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