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.
