Coinbase has announced the suspension of trading for certain digital assets, including PAXG-PERP and ZORA-PERP, starting May 1, 2025.
Trading Suspension on the Platform
Coinbase has recently suspended trading for PAXG-PERP and ZORA-PERP on its international platform. This decision, effective May 1, 2025, was announced at 10:15 AM UTC. The specific reasons for the suspension were not detailed in the announcement.
Regulatory Actions and Their Impact
The suspension has sparked discussions about the impact of regulatory environments on digital assets. Market analysts believe such actions can maintain asset integrity and ensure compliance with evolving standards. Coinbase provides a 14-day lead time for users to close positions, aiding in maintaining market order.
Previous Measures by Coinbase in New York
In March 2025, Coinbase suspended trading for memecoins FLOKI, TURBO, and GIGA in New York. This action aimed to comply with regulatory standards and align with their asset monitoring policies. Experts note that consistent compliance actions can strengthen trust in the exchange.
Coinbase's recent actions highlight their commitment to regulatory compliance and maintaining market trust in digital assets.
