Key facts
- Coinbase will suspend trading for LSETH-ETH, MINA-EUR, GRT-GBP, MASK-GBP, CHZ-USDT, and CRO-USDT on August 6.
- Five of these pairs were previously moved to limit-only mode.
- The suspension is part of Coinbase's regular review of market quality and trading activity.
- New assets Bio Protocol (BIO), BankrCoin (BNKR), and Treehouse (TREE) are now available.
- Coinbase's commercial agreement with stablecoin issuer Circle will automatically renew.
Coinbase Markets announced that trading for six cryptocurrency pairs will cease on August 6, 2026. The affected pairs are LSETH-ETH, MINA-EUR, GRT-GBP, MASK-GBP, CHZ-USDT, and CRO-USDT. Prior to the suspension, five of these pairs—MINA-EUR, GRT-GBP, MASK-GBP, CHZ-USDT, and CRO-USDT—were moved to limit-only mode on Coinbase Exchange and Coinbase Advanced. During this phase, only limit orders are accepted, and existing orders may still be matched, while market orders are discontinued.
The exchange stated that this action is a result of its ongoing review process to ensure listed markets meet its trading standards, monitoring liquidity and order book depth. Pairs with limited activity may be removed to maintain efficient trading and reduce wider spreads due to low liquidity.
Coinbase has a history of suspending or delisting trading pairs that no longer meet its standards, considering factors like regulatory developments and project changes. Recently, Function X (FX) was moved to limit-only mode before suspension following a token migration.
In other updates, Coinbase confirmed the listing of Bio Protocol (BIO), BankrCoin (BNKR), and Treehouse (TREE). Additionally, the exchange announced the automatic renewal of its commercial agreement with stablecoin issuer Circle, removing uncertainty around their USDC revenue-sharing arrangement. Coinbase reported second-quarter revenue of $1.22 billion, missing Wall Street expectations of $1.29 billion, and a 14% sequential decline in trading activity. Coinbase shares closed up 0.16% at $146.50, with ARK Innovation ETF adding approximately $5.68 million worth of Coinbase shares.