As an experienced analyst, I believe that Coinbase’s decision to disable trading for Metal DAO (MTL) and Enjin Coin (ENJ) is a prudent one, given the recent assessment of assets on its platform to ensure they meet listing standards. This move comes as no surprise in the volatile world of cryptocurrency exchanges, where regulatory compliance and risk management are paramount.
Coinbase, a prominent cryptocurrency exchange, has made the announcement that trading for Metal DAO (MTL) and Enjin Coin (ENJ) will be discontinued on their platform. Consequently, users will lose the ability to execute trades involving MTL and ENJ on Coinbase.
On Coinbase, you currently cannot trade Metal DAO (MTL) and Enjin Coin (ENJ), but rest assured that your funds are safe and reachable. You retain the power to withdraw your assets whenever you please.
As a cryptocurrency analyst, I would explain it this way: Following a thorough review of its listed assets, Coinbase has decided to temporarily halt trading for Enjin coin due to certain considerations that may not align with the exchange’s stringent listing standards.
On June 14, Coinbase temporarily halted transactions for Enjin Coin (ENJ) on all its trading interfaces – Simple and Advanced Trade, the Exchange, Prime, and Native DEX.
As a crypto investor, I’m excited to share that on June 4, Metal DAO accomplished an important milestone with the successful passage of MIP-00 proposal. This proposal outlined Metal DAO’s transition to Metal L2, which is built on the Optimism Superchain, much like Base. In the coming days, my MTL tokens will be automatically migrated from the Ethereum mainnet over to the Metal L2 through an airdrop. This move marks an essential step forward in Metal DAO’s growth and development within the crypto ecosystem.
As a researcher studying the cryptocurrency market, I’ve come across information from Coinbase that they will not be facilitating the Metal DAO (MTL) token airdrop, leading them to halt trading on their platform starting June 14. This suspension of trading applies to all Coinbase services including Simple and Advanced Trade, Coinbase Exchange, Coinbase Prime, and Native DEX.
Important announcement from Coinbase: To receive the new version MTL tokens via airdrop, transfer your MTL holdings to a personal wallet compatible with MTL V2 before June 23rd. This step is necessary for gaining access to the distributed tokens.
The announcement from Coinbase had a noticeable effect on the markets, causing both Enjin Coin and MetaDAO to experience price drops within the past 24 hours. This downturn was further influenced by the ongoing market decline. At present, Enjin Coin is trading at $0.2196, representing a decrease of 3.21%, while MetaDAO is down by 4.31% to $1.25.
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2024-06-15 17:35