Jupiter

VGX Token

DerivaDAO

BarnBridge

Coinbase Stock

Ooki Protocol

Multichain

Coinbase, the prominent cryptocurrency exchange in the US, has <a href="https://cryptopotato.com/coinbase-to-suspend-6-crypto-assets-in-september/" rel="noopener noreferrer nofollow">revealed plans to halt trading for six tokens on September 6</a>. These tokens, including BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI), and Voyager (VGX), will no longer be accessible for trading on platforms like Coinbase.com, Coinbase Pro, Coinbase Exchange, and Coinbase Prime.The decision to delist these tokens stems from a variety of reasons, each facing distinct issues but a common theme that unites all of them are regulatory concerns:1. Multichain (MULTI) has encountered significant challenges, including the arrest of its founder&#39;s sister and subsequent shutdown, while an exploit in July led to a loss of over $126 million.2. Ooki (OOKI), which is part of the Ooki Protocol, faced legal issues after losing a lawsuit against the CFTC, with a judge ruling that it operated as an unlawful trading platform.3. Voyager (VGX) faced allegations of being a security from the SEC after filing for Chapter 11 bankruptcy and reports emerged of compromised personal data from its former clients.4. BarnBridge (BOND) is under SEC scrutiny due to its risk tokenization activities in decentralized finance, leading to investigations that halted its product developments and liquidity pools.5. DerivaDAO (DDX), a decentralized derivatives exchange, received attention from the SEC as it was categorized as a security, following an insider trading case involving a former Coinbase staffer.6. Jupiter (JUP), a blockchain powering dApps, saw its native token decline due to regulatory scrutiny, with a 21% fall on its daily chart.This move by Coinbase has sparked attention, particularly as the exchange is currently engaged in legal battles with the SEC. However, the exchange&#39;s decision aligns with its commitment to maintaining high-quality standards for listed assets. The suspended tokens experienced price drops following the announcement.Previously, Coinbase had also <a href="https://beincrypto.com/coinbase-rai-dai-usdt-canada-stricter-rules/" rel="noopener noreferrer nofollow">suspended the trading of several other tokens</a>, including RAI, DAI, and USDT, and<a href="https://www.coindesk.com/business/2023/02/27/coinbase-to-suspend-binance-usd-stablecoin-saying-it-doesnt-meet-listing-standards/" rel="noopener noreferrer nofollow"> delisted Binance’s BUSD stablecoin</a>. Coinbase CEO Brian Armstrong had also claimed that the US Securities and Exchange Commission had <a href="https://www.forbes.com/sites/siladityaray/2023/07/31/sec-asked-coinbase-to-stop-trading-all-crypto-tokens-except-bitcoin-ceo-brian-armstrong-claims/?sh&#61;11544bb76899" rel="noopener noreferrer nofollow">asked them to stop trading all cryptocurrencies except for Bitcoin</a>.Coinbase&#39;s delisting of these tokens adds to the existing troubles faced by Multichain, which has seen operational difficulties and significant losses. Many in the crypto community view Multichain as a project in decline.Source: https://www.coinlive.com/news-detail/180625

Coinbase Bows to Pressure, Delists 6 Tokens From Exchange

Coinlive

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