Coinbase Announces Delisting of Five Tokens Due to Upgrades

Coinbase has revealed plans to delist five cryptocurrencies—Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN), and PARSIQ (PRQ)—effective May 16, 2025. The decision stems from token upgrades that Render the current versions non-compliant with the exchange’s technical standards. This move underscores Coinbase’s commitment to maintaining rigorous listing requirements, emphasizing that the delisting is not performance-related. Users holding these tokens are advised to transition to the upgraded versions to avoid disruptions.

Coinbase to Delist Five Tokens Amid Token Upgrades

Coinbase will suspend trading for Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN), and PARSIQ (PRQ) starting May 16, 2025. The delisting stems from token upgrades, rendering existing versions non-compliant with the exchange’s listing standards.

The decision reflects Coinbase’s adherence to technical requirements rather than performance concerns. Users holding affected tokens must transition to upgraded versions or liquidate positions before the 2 PM ET cutoff.

Deribit Explores U.S. Expansion Amid Shifting Crypto Regulatory Landscape

Deribit, the world’s largest cryptocurrency options exchange, is actively considering entry into the U.S. market as regulatory attitudes soften. The Dubai-based platform, which processed $1.3 trillion in notional trading volume in 2024, sees political tailwinds under the Trump administration as a catalyst for growth.

CEO Luuk Strijers confirmed the strategic pivot in a Financial Times interview, citing America’s "more favorable regulatory stance" as the primary motivator. The potential move coincides with advanced acquisition talks between Deribit and Coinbase, with both firms already engaging Dubai regulators about license transfer procedures.