1. BITBILIHome
  2. Article

Coinbase to halt trading for 6 major crypto assets

• 49 views

TL;DR Breakdown

  • The assets that will be affected by this suspension encompass BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI), and Voyager (VGX).
  • According to Coinbase’s official announcement, the suspension of trading for these assets is slated to commence on September 7, which gives stakeholders approximately two weeks to adapt to the changes. 

Description

In a surprising and unanticipated maneuver, Coinbase Assets, a prominent player in the cryptocurrency exchange landscape, has revealed its decision to temporarily suspend trading for six specific cryptocurrency assets, starting from September 6, 2023, at 9 AM PT. The assets that will be affected by this suspension encompass BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain … Read more

In a surprising and unanticipated maneuver, Coinbase Assets, a prominent player in the cryptocurrency exchange landscape, has revealed its decision to temporarily suspend trading for six specific cryptocurrency assets, starting from September 6, 2023, at 9 AM PT. The assets that will be affected by this suspension encompass BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI), and Voyager (VGX).

This development marks a significant shift for these assets as they will no longer have access to key services provided by Coinbase, such as Simple and Advanced Trade functionalities, as well as Coinbase Pro, Coinbase Exchange, and Coinbase Prime platforms.

According to Coinbase’s official announcement, the suspension of trading for these assets is slated to commence on September 7, which gives stakeholders approximately two weeks to adapt to the changes. The news rapidly gained traction across online platforms, amassing thousands of views and likes on Twitter within a matter of hours.

Coinbase listed assets standards

The driving force behind this decision lies in Coinbase’s steadfast commitment to upholding the highest standards of quality within its listed assets. After conducting a comprehensive review, the exchange divulged that the six assets failed to meet the stringent listing criteria that the exchange demands. Consequently, this suspension aims to ensure that only assets meeting the platform’s rigorous benchmarks remain available for trading.

As the news circulated, the market responded with fluctuations in the prices of the affected assets. Notably, BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Ooki (OOKI), Voyager (VGX), and Multichain (MULTI) experienced price declines of 5.1%, 24%, 16%, 0.5%, 6%, and 0.7%, respectively, in the aftermath of the announcement.

The decision to suspend trading for these assets has garnered particular attention in light of Multichain’s existing challenges. Multichain, which is among the delisted assets, has faced a series of setbacks including the arrest of its CEO and the subsequent closure of its bridge following substantial losses exceeding $109 million in cryptocurrency. As of now, a considerable portion of the cryptocurrency community harbors skepticism toward the viability of the Multichain project, with many considering it to be inactive.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Coinbase to halt trading for 6 major crypto assets

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年8月24日 20:48
Next 2023年8月24日 21:39

Related articles

  • Deutsche Bank’s former star pleads guilt to crypto fraud

    TL;DR Breakdown Rashawn Russell, previously associated with Deutsche Bank, pleaded guilty to a crypto fraud scheme in Brooklyn, NY. Russell’s R3 Crypto Fund promised high returns but misappropriated funds for personal use, defrauding 29 investors of over $1.5 million. Apart from the crypto scheme, Russell engaged in identity theft, fraudulently obtaining credit cards in third-party names. Description The world of cryptocurrencies is once again rocked by scandal. This time, the shockwaves are coming from Brooklyn, NY, where a previously shining star of the financial world has found himself ensnared in the dark web of deceit and crime. Rashawn Russell, once revered as a formidable figure in Deutsche Bank, now finds himself pleading … Read more The world of cryptocurrencies is once again rocked by scandal. This time, the shockwaves are coming from Brooklyn, NY, where a previously shining star of the financial world has found himself ensnared in the dark web of deceit and crime. Rashawn Russell, once revered as a formidable figure in Deutsche Bank, now finds himself pleading guilty to an elaborate crypto fraud scheme. From Banking Luminary…

    Article 2023年9月21日

  • EU Council gives final approval to MiCA legislation

    TL;DR Breakdown The EU has approved the MiCA regulation to unify cryptocurrency laws across its 27 member states. The law mandates identification for all crypto transactions and licensing for crypto businesses. The European Union has significantly moved towards regulating cryptocurrencies, signaling a new era for digital assets across its 27 member states. The landmark Markets in Crypto Assets (MiCA) legislation, which seeks to harmonize cryptocurrency laws across the EU, has been given the final stamp of approval by the Council of the European Union. It is essential to note that this new legislation is expected to create a ripple effect, potentially influencing financial regulation beyond Europe’s borders. Unified cryptocurrency regulations across EU: The dawn of the MiCA era A long-awaited regulatory milestone, the MiCA legislation was initially slated for introduction in February but experienced delays until this month. The legislation finally saw the green light on Tuesday, with unanimous approval from EU finance ministers. Furthermore, the MiCA framework outlines a unified approach to cryptocurrency regulations across the EU, mandating identification for all crypto transactions and setting stringent standards for companies…

    Article 2023年5月17日

  • What UK inflation data reveals about the economy’s future

    TL;DR Breakdown UK inflation rate fell to 7.9% in June, indicating a possible turning point in the ongoing cost of living crisis. Producer input prices dropped by 2.7% year-on-year in June, majorly due to a fall in oil prices, which might lead to lower consumer prices. The core Consumer Price Index (CPI) rate, excluding food and energy, also decreased, signaling a potentially positive shift in the economy. Description As the dust settles on the latest financial statistics, it’s clear that the UK’s economic future may be starting to find firmer ground, as evidenced by a discernible shift in inflation rates. The annual inflation rate plummeted to 7.9% in June, a breath of fresh air amid the ongoing cost of living crisis, and a … Read more As the dust settles on the latest financial statistics, it’s clear that the UK’s economic future may be starting to find firmer ground, as evidenced by a discernible shift in inflation rates. The annual inflation rate plummeted to 7.9% in June, a breath of fresh air amid the ongoing cost of living crisis, and…

    Article 2023年7月23日

  • Shiba Inu’s marketer raises alarm on potential Shibarium scams amid blockchain hype

    TL;DR Breakdown LucieSHIB, the official Shiba Inu marketer, warns of potential scams on Ethereum’s Shibarium. Shibarium’s openness exposes vulnerabilities to fraud; malicious actors can exploit the system. Lucie advises users to verify channels, community vibes, social media, and Etherscan activities.   Description LucieSHIB, the official marketer of the Shiba Inu cryptocurrency, has issued a public warning regarding potential scams on Shibarium, the highly anticipated Ethereum (ETH) Layer-2 scaling protocol. This cautionary message comes amid claims by Shiba Inu’s chief creator, Shytoshi Kusama, about blockchain‘s potential to revolutionize decentralization. Shibarium, similar to other blockchains like Polygon (MATIC) and … Read more LucieSHIB, the official marketer of the Shiba Inu cryptocurrency, has issued a public warning regarding potential scams on Shibarium, the highly anticipated Ethereum (ETH) Layer-2 scaling protocol. This cautionary message comes amid claims by Shiba Inu’s chief creator, Shytoshi Kusama, about blockchain‘s potential to revolutionize decentralization. Shibarium, similar to other blockchains like Polygon (MATIC) and Ethereum (ETH), offers an open platform for development, but this openness also exposes it to vulnerabilities. The risk lies in the fact that malicious actors…

    Article 2023年8月17日

  • Avalanche price analysis: Avax drops to $14.46 as market conditions turn bearish

    TL;DR Breakdown Avalanche price analysis shows a bearish market sentiment. AVAX is trading at $14.46, down by 0.14% in the past 24 hours. Support and resistance levels are at $14.38 and $14.72, respectively. Avalanche price analysis highlights a bearish trend, with the price dropping to a low of $14.46 in the past 24 hours. This marks a decrease of 0.14% from its previous close of $14.48, indicating a selling sentiment among investors. The momentum is expected to extend further as the market trades in red territory. The resistance and support levels for Avalanche are placed at $14.72 and $14.38, respectively. The current trend is gaining momentum, and it is likely that the price will continue to dip as long as it trades below $14.72. A slight increase in prices may be expected above the support level of $14.38, which suggests a potential upside for investors who buy now and hold for the long term. Avalanche price analysis 24-hour chart: AVAX/USD bears take control The 24-hour chart for Avalanche price analysis shows that the bears have taken control of the market….

    Article 2023年6月3日
TOP