As a seasoned crypto investor with a knack for navigating the volatile digital asset market, I can’t help but feel a mix of emotions upon hearing Coinbase’s decision to delist DESO. On one hand, it’s always disheartening to see a project leave a prominent exchange like Coinbase, especially when you’ve invested time and resources into it. However, on the other hand, I understand that such decisions are often made in the name of maintaining high standards and ensuring regulatory compliance.
Major crypto exchange Coinbase is set to perform a crypto asset delisting on its platform.
In a recent statement, Coinbase has shared their plan to remove Decentralized Social (DESO) from their platform in the future. This decision was communicated via a tweet where they mentioned that due to regular checks of assets listed on their exchange, they have determined to halt trading for Decentralized Social (DESO) on November 8, 2024, approximately at 2 PM ET.
As a dedicated crypto investor, I routinely check the assets listed on my exchange to make sure they adhere to our high-quality listing standards. After careful consideration based on recent evaluations, I’m announcing that trading for Decentralized Social (DESO) will be temporarily halted effective November 8, 2024, around 2 PM Eastern Time.
— Coinbase Assets 🛡️ (@CoinbaseAssets) October 25, 2024
Due to recent developments, the cryptocurrency DESO will no longer be available on the Coinbase platform starting Nov 8, 2024, approximately at 2 p.m. Eastern Time. In preparation for this change, Coinbase has transitioned the DESO trading market to a limit-only mode. This means that users can still place and cancel limit orders, but only these specific types of orders will be matched during trades.
Coinbase chose to remove DESO from its exchange due to their commitment to upholding top-notch quality in the assets they list. Regularly, they assess these assets to make sure they meet legal, compliance, and technical security requirements. The exact reasons for DESO’s removal weren’t shared, but this decision was made as part of a recent review process.
Coinbase announcements
As a researcher, I’m thrilled to share that this week, I’ve learned about the expansion of available assets on Coinbase. Now, New York residents can access and manage Flare (FLR), Injective Protocol (INJ), The Sandbox (SAND), and Stacks (STX) tokens directly through the Coinbase iOS and Android apps. This means I, and other Coinbase users in NY, can now buy, sell, exchange, send, receive, or store these digital assets with ease!
In simple terms, Coinbase has declared that it’s going to incorporate ApeCoin perpetual futures in its International Exchange and Advanced platforms starting from October 31, 2024, or later. The market for this coin (APE–PERP) will be launched at this time.
More recent updates show that Coinbase International Exchange and Coinbase Pro have added support for Scroll and Turbo perpetual futures, both of which were newly introduced.
Just now, Coinbase has increased the multiplier for perpetual futures trading to a significant 20 times, offering this feature to institutional clients through Coinbase International Exchange and giving individual traders access via Coinbase Pro (Advanced).
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2024-10-26 19:36