As of the time of writing, the Bitcoin $96,858 price stands at $97,660, while altcoin clean-up continues across exchanges. This week, Coinbase announced a new set of delisting actions affecting five altcoins. Which altcoins will be removed, and when will this take place?
Breaking News on Altcoin Delisting
Delisting announcements by major volume exchanges can have devastating effects on altcoins. Often, decisions made by a risk monitoring unit bring about uncertainty concerning a project’s development and future. However, the situation is distinct in the case of this delisting announcement.
“We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on the latest reviews, we will suspend trading for Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN), and PARSIQ (PRQ) around 2:00 PM ET on May 16, 2025,” stated the Coinbase announcement.
These tokens, GAL, LIT, DAR, ORN, and PRQ, are being removed because new versions have been launched. Consequently, the original versions of these tokens no longer satisfy our listing criteria.
The order books for GAL, LIT, DAR, ORN, and PRQ have now been shifted to a limit-only mode. Limit orders can be placed and canceled, and matches can occur under these conditions.
The decision to delist based on version changes is not a negative development for the affected altcoins. Instead, it represents a shift towards supporting newer, updated token versions.
This transition underscores the importance of regularly updating and aligning projects with market standards to ensure continued presence and trading availability on major exchanges.
Crypto enthusiasts and token holders should stay informed about such developments, as they can significantly impact portfolio management and trading strategies.
