Coinbase, the first crypto company to join the S&P 500 index, has announced the suspension of trading for Function X after a routine review process.
Suspension of FX Trading
Coinbase has suspended trading for Function X (FX) token starting on August 15, 2025. This decision was made after a routine review process. The Function X team paused the smart contract, causing the old FX token to no longer meet Coinbase's listing standards.
Introduction of New Tokens
Coinbase has also added new tokens to its platform: Bio Protocol (BIO), BankrCoin (BNKR), and Treehouse (TREE). These tokens are available for buying, selling, converting, sending, and storing through the Coinbase website and mobile apps on iOS and Android.
Expansion of Partnerships
Coinbase continues to expand its reach through new partnerships. In July, the company announced a partnership with JP Morgan Chase, enabling users to link their bank accounts directly. Additionally, Samsung Pay is now available as a payment method for buying crypto in the U.S. and Canada.
Progress in Crypto Regulation in the U.S.
Recent developments have brought significant news for the U.S. crypto industry. In July, the Trump administration signed the GENIUS Act into law, establishing clearer rules for digital assets. Another bill, named CLARITY, is moving forward to the Senate, expected to boost market confidence.
Thus, Coinbase demonstrates active work on expanding its platform and adapting to changes in the crypto industry, especially in light of new regulations.
