Coinbase to Delist 6 Crypto Assets in September

In an unexpected move, Coinbase Assets announced the suspension of trading for six cryptocurrency assets on Sept. 6, 2023, at 9 AM PT.

Coinbase's announcement mentioned six tokens, which include BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI) and Voyager (VGX).

This suspension means the assets will no longer enjoy some of the exchange's core services, including Simple and Advanced Trade, Coinbase Pro, Coinbase Exchange, and Coinbase Prime.

Per the release, the suspension of these assets will take effect starting Sept. 7, about two weeks from now.

The decision is part of Coinbase's ongoing commitment to maintaining the high-quality standards associated with the assets listed. After a thorough review, the firm explained that the delisted assets fell short of the listing standards the popular exchange required.

Following the announcement, the assets, including BOND, DDX, JUP, OOKI, VGX, and MULTI, recorded 5.1%, 24%, 16%, 0.5%, 6%, and 0.7% price plunges, respectively.

(Source: CryptoPotato)