In a notable development within the cryptocurrency market, Coinbase has revealed its intention to delist several trading pairs linked to altcoins, including the well-known Mina. This strategic decision is driven by a lack of sufficient liquidity and waning interest in these digital assets. According to the results published in the material, this move reflects broader trends in the market.
Delisting Announcement
The delisting is set to take effect on October 29, 2025, at approximately 12:00 ET, affecting trading pairs such as:
- MASK/USDT
- MASK/EUR
- MINA/USDT
- GMT/USDT
- AXS/BTC
- SNX/BTC
Coinbase's objective with this move is to improve overall market health and consolidate liquidity, ensuring a more robust trading environment for users.
Trading Opportunities for Users
Despite the suspension of these pairs, users in eligible regions will still have the opportunity to trade these altcoins on USD order books via the Advanced platform. The market has already shown signs of volatility in response to the announcement, with MASK experiencing a 5% increase and GMT rising by 1%, while AXS faced a 2% decline.
Future of Altcoins
Importantly, Mina will continue to have its USD and EUR trading pairs available, and MASK will maintain its GBP, USD, and EUR pairs. However, this situation raises concerns about the diminishing interest in these altcoins, which could potentially lead to further reductions in trading pairs and even market exits in the future.
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