Coinbase Delists Five Altcoins, Trading Disabled but Withdrawals Remain Open

Coinbase, one of the world’s leading cryptocurrency exchanges, has officially delisted five digital assets: Galxe (GAL), Parsiq (PRQ), Mines of Dalarnia (DAR), Litentry (LIT), and Orion Protocol (ORN). The platform stated that this move follows a routine review process to ensure all listed tokens continue to meet its stringent compliance and operational standards.

Although specific reasons for the delisting were not disclosed, analysts point to typical factors such as low trading volume, declining project activity, or potential regulatory concerns. These tokens will no longer be available for trading on Coinbase, and the platform has already transitioned them to “limit-only” mode before the complete removal—restricting trading to select order types only.

Despite the delisting, Coinbase confirmed that users holding these tokens can still withdraw them at any time. Users can transfer their holdings to other platforms where the tokens remain listed or retain them in their Coinbase wallets in case of future developments. This ensures users maintain custody and flexibility over their assets.

The move highlights Coinbase’s increased pace in updating its token listings, especially after recent security events. Just days before, Coinbase also suspended trading for Movement (MOVE), another token under review. The announcement coincides with heightened attention on the platform following a hacking attempt, during which the attacker demanded $20 million. Instead, Coinbase's CEO flipped the narrative, offering a $20 million reward for identifying the perpetrator.

This delisting serves as a reminder for crypto investors to stay informed on exchange policies and asset compliance, as such changes can significantly impact portfolio strategies. Staying updated is critical in a fast-moving digital asset environment where project viability and regulatory adherence can quickly shift.