Introduction
Major cryptocurrency exchange Coinbase has announced the delisting of five digital assets—Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN), and PARSIQ (PRQ)—effective May 16, 2025. This decision follows a routine review of the assets' compliance with Coinbase’s listing standards.
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Reasons for Delisting
Coinbase cited the release of new token versions as the primary reason for delisting the aforementioned cryptocurrencies. The original versions no longer meet the exchange’s updated criteria.
Key points:
- Trading suspension: Begins at 2 PM ET on the specified date.
- Platforms affected: Coinbase (Simple/Advanced Trade), Coinbase Exchange, and Coinbase Prime.
- Order books: Moved to limit-only mode, allowing cancellations but no new orders.
Additional Context
Earlier in May 2025, Coinbase delisted Movement (MOVE) for similar reasons. The exchange emphasizes regulatory compliance and asset relevance in its periodic reviews.
New Listings and Product Updates
While delistings occur, Coinbase continues expanding its offerings:
- Mantle (MANTLE): An ERC-20 token now tradable on Coinbase’s mobile apps and web platform.
- Worldcoin (WLD): Available on the Optimism network.
Perpetual Futures:
- ZORA and PAXG (gold-linked) added to Coinbase Advanced/International.
- PAXG-PERP offers 20x leverage tied to gold’s price.
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FAQs
Why is Coinbase delisting these cryptocurrencies?
The tokens no longer meet updated listing standards, often due to newer versions replacing the original assets.
Can I still trade the delisted tokens after May 16, 2025?
No. Trading will be suspended across all Coinbase platforms at 2 PM ET on the delisting date.
What happens to my holdings of GAL, LIT, DAR, ORN, or PRQ?
Holdings remain in your wallet, but you cannot trade them on Coinbase post-delisting. Transfer them to another compatible wallet/exchange beforehand.
How often does Coinbase review listed assets?
Reviews are periodic but not on a fixed schedule. The exchange prioritizes compliance and market relevance.
Conclusion
Coinbase’s delisting and listing strategies reflect its commitment to maintaining a compliant and diverse crypto ecosystem. Users should monitor official announcements to stay informed about asset eligibility changes.
Note: Always conduct independent research or consult financial experts before making investment decisions.
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