Coinbase has announced the delisting of several tokens, including Function X, which will take place on August 15, 2025.
Details of Token Delistings
Coinbase announced that a number of tokens, including Function X (FX), will be delisted on August 15, 2025, at 2:00 PM ET.
Also included in the delistings are Helium Mobile (MOBILE) and Ribbon Finance (RBN).
Market Impact
This move is likely to result in reduced liquidity and cause short-term price fluctuations for the affected tokens. Users may face challenges when buying or selling these assets, and high volatility is expected in the market following the delisting.
Reasons and Consequences
One of the main reasons for the delisting is the need to comply with regulatory requirements amid changing legislation. This move reflects increased scrutiny on digital assets and Coinbase's efforts to align with U.S. and EU standards. Historical precedents suggest that after a delisting, the market may experience initial disruption, but trading may eventually stabilize on alternative platforms.
Coinbase's decision to delist tokens highlights its commitment to regulatory compliance, which in turn affects liquidity and price fluctuations of assets.
