Coinbase Teases Next Token To Delist Amid In-House Cleaning

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Coinbase, one of the world’s leading crypto exchanges, is shaking up its platform. In an X post, the trading platform recently announced that it will remove Decentralized Social (DESO) from its listing. 

This development reflects Coinbase’s strategy to reinforce its high standards for listed assets. Simultaneously, the exchanges revealed that new features and tokens will be rolling out to enhance user experience and expand trading options.

DESO’s Delisting: The Timeline and Context

Coinbase disclosed that DESO trading will end on November 8, 2024, and DESO order books are in limited-only mode. This means that traders can place limit orders with potential matching. The trading platform emphasized that asset reviews like this are standard practice to maintain the platform’s compliance, technical, and security standards.

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We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on recent reviews, we will suspend trading for Decentralized Social (DESO) on November 8, 2024, on or around 2 PM ET.

— Coinbase Assets 🛡️ (@CoinbaseAssets) October 25, 2024

Although the exact reasons for DESO’s removal were not shared, the delisting aligns with Coinbase’s broader review policies. Just like Coinbase, popular crypto exchanges such as Binance and Uphold regularly delist crypto tokens. This is part of their approach to maintaining a robust and compliant platform. 

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Market Expansion With New Listings

In an exciting twist, the exchange added support for Flare (FLR), Injective Protocol (INJ), the Sandbox (SAND), and Stacks (STX) tokens for New York traders. The exchange revealed that these digital tokens are now accessible via the Coinbase app and the web platform. New York customers can freely buy, sell, store, or trade these tokens. 

Coinbase has also greenlit ApeCoin perpetual futures with the APE-PERP market. The exchange said this digital product will go live on October 31, 2024. Coinbase International Exchange and Coinbase Advanced offer newly added perpetual futures for Scroll and Turbo. 

This is designed to give institutional and advanced traders 20 times leverage for more dynamic trading opportunities. This new listing came after the exchange expanded its offerings with the listing of Cow Protocol (COW) and EigenLayer (EIGEN) on its platform in September. 

Coinbase Balancing Safety and Growth in Crypto

Coinbase’s ongoing developments show its commitment to a secure, reliable platform that balances safety with new opportunities. Its plans to delist DESO delisting highlight its careful approach to asset compliance. 

Speaking of compliance, Coinbase made a shocking announcement earlier this month to delist unauthorized stablecoins, including Tether, over MiCA compliance. The platform’s ongoing expansion of asset availability and trading features underlines its drive to cater to diverse trading needs. Coinbase is determined to maintain a competitive edge in a fast-evolving crypto landscape.

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