Coinbase to Halt Function X Trading and Expand with New Tokens

user avatar

by Giorgi Kostiuk

a year ago

Cryptocurrency exchange Coinbase has announced the suspension of trading for the Function X token due to issues with its smart contract while simultaneously adding several new tokens to its platform.

Suspension of Function X Trading

Coinbase has confirmed that it will suspend trading of the Function X (FX) token on August 15, 2025. The decision to halt trading was made after a review revealed problems with the underlying smart contract of the project. The project team has halted the operation of the contracts, leading to the token's removal from the exchange.

Introduction of New Tokens on the Platform

Unlike the removal of FX, Coinbase has introduced three new assets: BIO, BNKR, and TREE, which are now available across all exchange platforms. Users can utilize these tokens for buying, selling, converting, sending, receiving, and storing through the Coinbase mobile application.

Bitcoin Holdings Report

In its latest Q2 report, Coinbase disclosed an increase of Bitcoin holdings by 2,509 BTC, raising the total to 11,776 BTC with a cost basis of $740 million. This indicates ongoing growth and strategic stability for the exchange.

Coinbase's actions, including the suspension of Function X trading and the addition of new tokens, reflect the company's commitment to maintaining a dynamic and secure trading environment for its users.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

MARA Holdings Transfers 1,000 BTC to Exchanges Amid Market Scrutiny

MARA Holdings has transferred approximately 1,000 BTC to Binance and Gate over the past five days, raising questions about its treasury movements.

user avatarDavid Robinson

CryptoBilis Case Exposes Vulnerabilities in Hardware Wallets

The CryptoBilis case reveals vulnerabilities in hardware wallets, leading to $90 million in losses due to tampered devices.

user avatarMaria Gutierrez

California Reaches $500,000 Settlement with Fidelity Over Crypto Withdrawal Restrictions

California has reached a $500,000 settlement with Fidelity Digital Asset Services regarding restrictions on crypto withdrawals.

user avatarAndrew Smith

Anthropic Uncovers Seed Generation Method for NIST Elliptic Curves

Anthropic's Claude has reconstructed the seed generation process for several widely used NIST elliptic curves, addressing a long-standing question in cryptography.

user avatarJacob Williams

XRP Ledger Validators Advance Maintenance Amendment Amid Challenges for Lending Features

XRP Ledger validators have advanced the fixCleanup340 amendment, clearing the 80% support threshold for activation, while lending features face governance challenges.

user avatarZainab Kamara

Latvia Implements New Crypto Tax Legislation

Latvia has passed a new law changing the taxation of crypto investment account gains, focusing on withdrawals rather than individual trades.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.