Coinbase Removes These Cryptos in Tactical Shift: Details
05/16/2025 18:09
Coinbase reveals fresh updates in eventful week
Coinbase reveals fresh updates in eventful week
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Crypto exchange Coinbase has recently made changes to its trading platform. In its latest move, the crypto exchange announced the delisting of Movement (MOVE) while expanding its crypto support for users in New York.
In an official tweet, Coinbase stated that it has disabled trading for the Movement (MOVE) token. While users will no longer be able to trade MOVE on the platform, Coinbase assured its customers that their funds remain safe and accessible. Users can continue to withdraw MOVE tokens at any time, despite the delisting move.
Coinbase regularly monitors the assets on its platform to ensure they meet its listing standards, with the delisting of MOVE based on recent reviews.
We have disabled trading for Movement (MOVE). Your funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at any time. https://t.co/K0YoLhN25K
— Coinbase Assets 🛡️ (@CoinbaseAssets) May 15, 2025
In a more positive update, Coinbase stated that Coinbase Wrapped Staked Ethereum (CBETH) is now available to New York residents. CBETH is now available on the Coinbase platform and Coinbase mobile apps on iOS and Android.
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This week, Coinbase announced wrapped versions of Cardano, Dogecoin, Litecoin and XRP (cbADA, cbDOGE, cbLTC, cbXRP) were coming soon, with the launch date to be announced later.
In a May 7 announcement, Coinbase stated it had disabled trading for Gemini Dollar (GUSD) and GYEN (GYEN).
Coinbase's latest developments
Coinbase on Thursday reported that rogue overseas support agents were bribed by criminals to reveal sensitive user data, including names, addresses, masked bank details and ID documents. The incident may cost Coinbase up to $400 million to fix, according to estimates.
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While no funds, passwords or private keys were exposed, and Coinbase Prime accounts remained "untouched," the attackers exploited the information to conduct targeted social engineering schemes on users.
The latest developments come days before the major crypto exchange is set to join the benchmark S&P 500 index, which is regarded as a watershed moment for the cryptocurrency industry.