Coinbase to Delist Five Tokens Amid Token Upgrades – See If You’re Holding Any!

The post Coinbase to Delist Five Tokens Amid Token Upgrades – See If You’re Holding Any! appeared first on Coinpedia Fintech News

Coinbase, one of the most trusted and regulated crypto exchanges in the world, has announced it will suspend trading for five tokens, including Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN), and PARSIQ (PRQ).

The trading halt will officially begin on May 16, 2025, at around 2 PM ET across all Coinbase platforms, Coinbase.com, Coinbase Exchange, and Coinbase Prime.

Why These Tokens Are Being Delisted

According to Coinbase, this decision isn’t about poor performance or security issues. Instead, it has to do with token versions. Each of these projects, GAL, LIT, DAR, ORN, and PRQ, has released new versions of their tokens.

That means the original versions listed on Coinbase are now considered outdated and no longer meet the platform’s listing standards. 

Coinbase cares a lot about keeping things safe, reliable, and clear for its users. When tokens go through major upgrades or migrate to new contracts, the old ones can cause problems or stop working well. That’s why Coinbase is removing these older tokens from trading.

Trading Already in Limit-Only Mode

To ease the transition, Coinbase has already moved all five token pairs to limit-only mode. This means users can still place or cancel limit orders, and trades may happen, but no market orders or advanced trading types are currently supported. 

It’s a heads-up to the community, get your affairs in order before full suspension takes effect.

What Happens to Users Holding These Tokens?

If you hold any of these tokens on Coinbase, it’s time to act. You might want to withdraw your holdings or convert them before May 16. After the suspension, your ability to trade them will be gone, at least on Coinbase.

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Coinbase advises users holding GAL, LIT, DAR, ORN, or PRQ to withdraw or convert their tokens before the May 16th suspension.

What does “limit-only mode” mean for these tokens?

Limit-only mode allows users to place or cancel limit orders, but market orders and advanced trades are not supported for the suspended tokens.