Coinbase Delists Five ‘Non-Compliant’ Coins with $60M Combined Cap

• Coinbase announces the delisting of five tokens due to non-compliance with listing standards.
• Affected tokens include CRPT, MXC, QSP, REN, and TONE, with a combined market valuation of $60 million.
• Coinbase reassures investors that despite delisting, their funds remain safe and accessible for withdrawal.

Coinbase Exchange, the largest US-based centralized crypto trading platform, has embarked on a significant move that could impact multiple assets trading on its exchange. In particular, Coinbase has announced plans to delist five cryptocurrencies from its trading platform. The exchange communicated this decision in a recent statement on the X platform (formerly Twitter).

We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on recent reviews, we will suspend trading for Crypterium (CRPT), MXC (MXC), Quantstamp (QSP), Ren (REN), TE-FOOD (TONE) on November 3, 2023 at or around 2 PM ET.

— Coinbase Assets (@CoinbaseAssets) October 20, 2023

According to the notification, the reason behind the delisting action is that the five digital assets failed to meet Coinbase’s outlined listing standards. “We regularly monitor the…

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