Coinbase has announced a trading suspension for four tokens, which may have significant impacts on holders of these assets. This article reviews the details and important steps for users.
What is the Coinbase Trading Suspension?
On June 19, Coinbase announced its intention to suspend trading for Helium Mobile (MOBILE), Render (RNDR), Ribbon Finance (RBN), and Synapse (SYN). The suspension is set to take place on June 26 at 2 PM Eastern Time (ET). This is not a temporary pause; such action often precedes or is a form of delisting, meaning these assets will no longer be available for trading on the platform after the deadline.
Which Tokens Are Affected?
The announcement specifically mentions the following tokens:
* **Helium Mobile (MOBILE):** Part of a network focused on decentralized wireless communications. * **Render (RNDR):** A distributed GPU rendering network, significant in the decentralized rendering space. * **Ribbon Finance (RBN):** A protocol focused on decentralized options and structured products. * **Synapse (SYN):** A cross-chain bridge and decentralized exchange protocol.
What Should MOBILE, RNDR, RBN, and SYN Holders Do?
If you hold any of the affected tokens, it is important to take action before June 26 at 2 PM ET. Ignoring this deadline could leave your assets inaccessible for trading on the platform. Here are your primary options:
| Token | Action Required Before June 26, 2 PM ET | | --- | --- | | Helium Mobile (MOBILE) | Sell or withdraw from Coinbase | | Render (RNDR) | Sell or withdraw from Coinbase | | Ribbon Finance (RBN) | Sell or withdraw from Coinbase | | Synapse (SYN) | Sell or withdraw from Coinbase |
**Option 1:** Sell your assets on Coinbase before the deadline. This allows you to convert your assets into another cryptocurrency or fiat currency available on the platform.
**Option 2:** Withdraw your tokens from Coinbase to an external wallet or another exchange that supports trading of these assets. Ensure that the destination wallet or exchange is compatible with the specific token's network.
The upcoming trading suspension for MOBILE, RNDR, RBN, and SYN on Coinbase is a critical event for holders of these tokens. The deadline of June 26 at 2 PM ET is approaching quickly, and prompt action is essential to avoid complications with access to your assets.
