Coinbase to Remove Support for These Four Digital Currencies
Cryptocurrency trading platform Coinbase has announced that it will cease to support four digital assets starting June 26, 2025. The tokens affected include Render (RNDR), Ribbon Finance (RBN), Helium Mobile (MOBILE), and Synapse (SYN).
The decision to drop these tokens stems from the release of newer versions of the respective projects, with the older versions no longer adhering to Coinbase's listing requirements. As of now, it remains uncertain whether Coinbase will extend support to these updated versions.
Effective June 26, 2025, at 21:00 Turkey time, trading for these tokens will be discontinued on Coinbase. The exchange's official asset channel on the X platform stated that the tokens listed on their platform are routinely reviewed, and those that do not meet their standards are dropped.
Investors who hold these tokens are urged to closely follow the developments to determine if they need to upgrade to the new versions. At present, Coinbase has not indicated whether users will be automatically upgraded to the new versions of the tokens.
Coinbase traditionally grants investors sufficient time to withdraw or trade their tokens during the delisting process. Therefore, after June 26, trading will no longer be an option, but users will still be able to withdraw their tokens to external wallets.
Cryptocurrency projects may update their blockchains or release new versions of their tokens over their lifespan. In such cases, exchanges may choose to cease supporting the older tokens without implying that the project has failed. This practice serves to maintain the technical standards required by the exchange.
Cryptocurrency investors are advised to stay informed about their assets by following the official announcements of exchanges through various channels, such as blogs, social media accounts, or support pages. Users holding delisted tokens on Coinbase should withdraw their funds to secure wallets prior to the specified date to avoid losing their ability to buy or sell.
In the process of upgrading delisted tokens on Coinbase, users typically need to follow three steps: withdraw their tokens to an external wallet, interact with the project’s official migration tools, and follow the instructions from the token issuers to exchange old tokens for new ones. It is essential to promptly execute these steps to retain control of assets once trading is halted on Coinbase.
In the realm of finance and technology, investors holding Render (RNDR), Ribbon Finance (RBN), Helium Mobile (MOBILE), and Synapse (SYN) tokens on Coinbase should upgrade to the newer versions of these tokens, as the platform will no longer support their older versions after June 26, 2025. It is crucial for such investors to stay vigilant for updates, as they may need to interact with the project’s official migration tools to exchange their old tokens for the new ones and secure their assets in an external wallet.
