Coinbase suspended trading for IDEX, LRC, OMNI, PIRATE and FIS, citing low activity. Holders can still withdraw. The delisting follows a broader review that has removed over a dozen assets since late 2024.
Coinbase disabled trading for five crypto tokens this week, the latest in a series of listing reviews that have removed more than a dozen assets from the exchange since late 2024.
The tokens affected are Idex (IDEX), Loopring (LRC), Omni Network (OMNI), Pirate Nation (PIRATE), and StaFi (FIS). Trading was suspended across Coinbase's Simple and Advanced Trade platforms, Coinbase Exchange, and Coinbase Prime, the company said in an X post.
Holders can still withdraw their funds at any time. The delisting only affects trading, not custody or withdrawals.
The move follows a separate suspension of six non-USD trading pairs earlier this week: LSETH-ETH, MINA-EUR, GRT-GBP, MASK-GBP, CHZ-USDT, and CRO-USDT. Coinbase said the pair-level removals were meant to improve market health and consolidate liquidity.
Coinbase delisted 13 tokens in a single sweep in October 2024, and has since removed several more in smaller batches. The exchange says it reviews listed assets quarterly against criteria including trading volume, team engagement, regulatory standing, and security risk.
For the five tokens dropped this week, the common thread is low activity. IDEX, LRC, and FIS each trade below $20 million in daily volume across all exchanges, according to CoinGecko data. OMNI and PIRATE are even thinner. All five have seen their Coinbase trading volumes shrink to a fraction of what they were at listing.
The delistings come as Coinbase adds product lines elsewhere. The exchange launched oil perpetual futures for BRENT and WTI this week. It also said US500 Equity Index perp-style futures will go live August 17, offering perp-style exposure to the US large-cap economy on Coinbase Derivatives.
At the same time, Coinbase is shutting one perpetual contract. Trading for AZTEC-PERP will be suspended on August 17 around 13:00 UTC. Open positions will be settled automatically at the average index price over the 60 minutes before suspension. The funding rate will be set to zero for the final funding period before settlement.
Coinbase's approach to listings has drawn criticism from some project teams who say the exchange gives little notice and no appeal process. The exchange says its process is designed to protect customers from low-liquidity or high-risk assets.
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