Cryptocurrency investors and traders are closely watching Coinbase’s latest move as the platform prepares to delist five digital assets following a routine compliance and standards review. As one of the most influential exchanges in the global crypto market, any listing or delisting decision from Coinbase can significantly impact token valuations and investor sentiment.
In early May 2025, Coinbase confirmed via its official social media channel X that trading for Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN), and PARSIQ (PRQ) will be suspended on May 16, 2025, at approximately 2:00 PM ET. This action applies across all major trading interfaces offered by Coinbase, including Coinbase Simple Trade, Advanced Trade, Coinbase Exchange, and Coinbase Prime.
We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on recent reviews, we will suspend trading for Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN), & PARSIQ (PRQ), on May 16, 2025, on or around 2 PM ET.
— Coinbase Official Announcement, May 2, 2025
Why Is Coinbase Delisting These Tokens?
Coinbase did not cite performance, security flaws, or regulatory concerns as reasons for the delisting. Instead, the exchange clarified that these tokens are being removed because newer versions have been released, rendering the original versions obsolete under its current listing criteria.
This is a common practice in the blockchain space—projects often undergo token migrations or upgrades to improve functionality, scalability, or governance. When such upgrades occur, legacy tokens may no longer represent the active network and can lose relevance. To maintain platform integrity and ensure users trade only the most up-to-date and functional assets, exchanges like Coinbase phase out older iterations.
As part of the delisting process:
- Order books for GAL, LIT, DAR, ORN, and PRQ have already been placed in limit-only mode.
- Users can still place or cancel limit orders.
- Matches may occur if buy and sell orders align.
However, once the suspension date arrives, all trading activity will cease unless further announcements are made.
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Recent Exchange Updates: Delistings and New Additions
The delisting of these five tokens follows another recent announcement involving Movement (MOVE). On May 15, 2025, at around 2:00 PM ET, Coinbase suspended trading for MOVE across the same platforms—Simple Trade, Advanced Trade, Exchange, and Prime—also due to a protocol upgrade or version change.
Despite these removals, Coinbase continues to expand its asset offerings with several high-profile additions:
New Listings on Coinbase
- Mantle (MANTLE): Now available on both iOS and Android apps, MANTLE is an ERC-20 token built on Ethereum. Users can now buy, sell, convert, send, receive, and store it directly through their Coinbase wallets.
- Worldcoin (WLD): Listed on the Optimism network, WLD is gaining traction for its unique approach to digital identity and proof-of-personhood. It's now fully supported on Coinbase mobile applications.
Derivatives Expansion
On Coinbase International and Coinbase Advanced, new perpetual futures contracts have been introduced:
- ZORA-PERP: Provides leveraged exposure to the ZORA ecosystem.
- PAXG-PERP: A commodity-linked perpetual future that tracks the price of one fine troy ounce of gold, offering traders up to 20x leverage.
These additions reflect Coinbase’s growing focus on diversified financial instruments beyond spot trading, catering to more sophisticated investors seeking hedging tools and speculative opportunities.
Key Cryptocurrencies Affected by the Delisting
Let’s briefly explore each of the five tokens being delisted:
Galxe (GAL)
Galxe is a Web3 credential data network enabling developers to build credential-based applications. The GAL token powers governance and ecosystem participation. With a new version launched, the legacy GAL token is being phased out.
Litentry (LIT)
Litentry offers decentralized identity aggregation across multiple chains. LIT was used for staking and governance but has since migrated to a newer standard.
Mines of Dalarnia (DAR)
A blockchain-based gaming platform combining NFTs and play-to-earn mechanics. The DAR token upgrade likely aims to enhance in-game economics and cross-chain interoperability.
Orion Protocol (ORN)
An aggregator aiming to unify centralized and decentralized liquidity sources. The ORN token migration supports improved utility in its upgraded DeFi suite.
PARSIQ (PRQ)
PARSIQ provides blockchain monitoring and automation tools. The PRQ delisting follows a transition to a more scalable and feature-rich token version.
These projects are not shutting down—their ecosystems remain active—but only the updated tokens will continue to be recognized on major exchanges.
👉 Discover how top platforms manage token transitions securely and efficiently.
What Should Holders Do Before the Delisting?
If you currently hold any of the affected tokens in your Coinbase wallet:
- Check for Token Migration Options: Visit the official websites or community channels of Galxe, Litentry, Mines of Dalarnia, Orion Protocol, or PARSIQ to learn how to upgrade your holdings.
- Withdraw Before Suspension: If supported, consider withdrawing your tokens to a self-custody wallet before May 16 to retain access to airdrops or migration programs.
- Avoid Last-Minute Trading: Liquidity may drop significantly as the deadline approaches, increasing slippage and execution risks.
Note: After trading suspension, deposit and withdrawal support may also be discontinued at a later date—monitor official announcements closely.
Frequently Asked Questions (FAQ)
Q: Why is Coinbase delisting GAL, LIT, DAR, ORN, and PRQ?
A: These tokens are being delisted because newer versions have been released. The original versions no longer meet Coinbase’s listing standards for active and functional assets.
Q: Can I still trade these tokens after May 16?
A: No. Trading will be suspended across all Coinbase platforms starting May 16 at approximately 2:00 PM ET. Limit orders may still execute before full shutdown.
Q: Will I lose my funds if I don’t withdraw them?
A: Not immediately—but once deposit/withdrawal functions are disabled (if they are), you won’t be able to move your tokens. Always prioritize self-custody when possible.
Q: Are these projects shutting down?
A: No. The underlying projects remain active; only the old token versions are being deprecated in favor of upgraded ones.
Q: Can I migrate my tokens directly on Coinbase?
A: Typically, token migrations must be done off-platform via official project tools. Contact each project’s support team for migration instructions.
Q: Are there tax implications for migrating or selling delisted tokens?
A: Yes. Selling or exchanging tokens may trigger taxable events depending on your jurisdiction. Consult a tax professional familiar with crypto regulations.
👉 Learn how to manage token migrations and avoid common pitfalls during upgrades.
Final Thoughts
Coinbase’s decision to delist five cryptocurrencies underscores its commitment to maintaining a clean, compliant, and user-focused trading environment. While delistings can cause short-term uncertainty, they often align with broader industry trends—particularly as blockchain projects evolve through upgrades and rebranding.
For users, staying informed about protocol updates and exchange policies is essential. Whether it's a token migration or a new futures listing, proactive awareness helps protect investments and unlock new opportunities.
As the crypto landscape matures, expect more frequent adjustments from leading platforms like Coinbase—driven not by volatility alone, but by technological progress and regulatory clarity.
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