Crypto exchange giant Coinbase has announced that it will be ending support for five digital assets on May 16, 2025. The tokens in question are Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN), and PARSIQ (PRQ).
This decision will apply to all of Coinbase's trading platforms, including Coinbase.com, Coinbase Exchange, and Coinbase Prime, and is set to take effect at approximately 2 PM ET.
The reason for the delisting is that these tokens have undergone major upgrades. New versions of each have been launched by their respective developers, rendering the current versions listed on Coinbase obsolete. In accordance with its internal standards, Coinbase is removing the outdated contracts to maintain a secure and up-to-date trading environment.
To prepare for this change, Coinbase has already switched these assets into limit-only mode. This temporary setting enables users to place, modify, or cancel limit orders for these assets. However, other order types, such as market orders, are being restricted until the full suspension of trading begins.
Coinbase is advising users who still hold any of the affected tokens to review their account activity and select their preferred options. They can choose to convert their tokens into another asset, withdraw them from the platform, or leave them in their portfolio as the cutoff approaches.
After May 16, 2025, at approximately 2 PM ET, trading for these assets will no longer be possible on the Coinbase platform.
It's worth noting that this delisting isn't linked to any security issues or price concerns. It's a direct consequence of the technical changes introduced by the token issuers, leading to the creation of new token versions and the obsolescence of the old ones.
