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Coinbase’s Latest Review Results in Suspension of 6 Altcoins from Trading

  • Coinbase global, one of the largest cryptocurrency exchanges has announced the suspension of six tokens from its platform.
  • Coinabase’s decision to delist the tokens reflects its commitment to maintaining high standards of listing and protecting its customer’s interests.

Coinbase, the largest cryptocurrency exchange in the US, has delisted six altcoins from its trading platform following an internal review. The affected coins are Rally (RLY), DFI Money (YFII), Mirror (MIR), OMG Network (OMG), Loom Network (LOOM), and Augur (REP) all of which have seen significant drops in price since the announcement.

The decision to delist these coins was made after an internal review of their performance and compliance with Coinbase’s listing standards. According to the exchange, these standards include factors such as security, regulatory compliance, and market demand.

The decision to suspend the coins comes as a surprise to many in the cryptocurrency community, as some of them are well-established projects with large user bases.

For instance, TRX is the native token of the TRON blockchain, which has been in operation since 2017 and has a market capitalization of over $4 billion.


Coinbase has stated that it will continue to monitor the performance of these coins and may consider relisting them if they meet the exchange’s listing standards. In the meantime, users who hold these coins on the Coinbase platform are advised to withdraw them to another exchange or storage device.

The delisting of these coins is not the first time that Coinbase has taken action against altcoins that do not meet its standards. In the past, the exchange has delisted coins such as XRP and Zcash due to regulatory concerns.

In another development, Binance, another giant in the crypto space announced that it would delist the Helium token HNT from trading on March 21. The news fueled the token’s sharp 20% drop in price, notably, this is the lowest the token has gone for the last two months.

Overall, the delisting of these coins by Coinbase serves as a reminder to the cryptocurrency industry that compliance with regulations and high standards of security and performance are crucial for long-term success. While the short-term impact on the affected projects may be negative, it could ultimately lead to a stronger and more reputable cryptocurrency ecosystem.

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