Coinbase to Delist ACX Token, Moves to Limit-Only Before July 28 Suspension
COIN sits 16% above its 52-week low of $139.18.
Summary
Coinbase is winding down support for the ACX token, moving order books to limit-only mode immediately and suspending trading entirely on July 28. The token will be wound down with conversion options for holders. This is a material product decision that could affect user trust and trading volumes, though ACX is likely a minor asset on the platform. The move follows a series of regulatory wins and product expansions, making this delisting a notable operational shift. No specific reason was given, but it may signal increased listing scrutiny or low liquidity.
At the time of this announcement, COIN was trading at $161.08 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $42.5B. The 52-week trading range was $139.18 to $444.65. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.