Crypto exchange Coinbase has announced that it will be delisting six cryptocurrencies from its platform. These cryptocurrencies include BarnBridge, DerivaDAO, Jupiter, Multichain, Ooki, and Voyager. The delisting will take effect on September 6, 2023, at 9 a.m. PT. This decision by Coinbase has led to a decline in the value of these assets.
The delisting comes as Coinbase evaluates its listing criteria and seeks to uphold the high standards of the assets it lists. The exchange determined that these six cryptocurrencies did not meet the stringent requirements.
Multichain, in particular, is facing significant challenges. The arrest of its CEO, the shutdown of its bridge operations, and a loss of over $109 million in cryptocurrency assets have raised concerns about the future of the project.
Coinbase’s announcement quickly gained attention on social media platforms, generating significant engagement. The affected cryptocurrencies will no longer be available for trading on Coinbase’s primary services, including Simple and Advanced Trade, Coinbase Pro, Coinbase Exchange, and Coinbase Prime.
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