In a pivotal move affecting the cryptocurrency realm, Coinbase has announced the delisting of multiple altcoin trading pairs. This decision stems from the decreasing liquidity and dwindling interest in altcoins, pushing major exchanges toward re-evaluating their offerings. Consequently, several cryptocurrencies, including prominent altcoin Mina Coin, are poised for trading pair reductions or eliminations.
What Led to the Delisting?
Coinbase, a top exchange choice for crypto users in Turkey, disclosed its intent to withdraw certain trading pairs, prominently involving Mina Coin. The affected pairs are MASK-USDT, MASK-EUR, MINA-USDT, GMT-USDT, AXS-BTC, and SNX-BTC. This move marks a reversion of Mina Coin’s value to $0.104, a price last seen just days prior.
“Regular market surveillance motivated our decision,” shared a Coinbase spokesperson. “The reduction aims to bolster market health and the consolidation of liquidity.”
The alterations, slated for October 29, 2025, will impact future trading operations for MASK, MINA, GMT, AXS, and SNX.
Can Trading Still Occur?
Despite the delisted pairs, Coinbase reassured that users in eligible locations can access altcoin trading through USD order books on its Advanced platform. However, the AXS-BTC pair is now contained within a limit mode, restricting the placement of market orders.
The cryptocurrency market’s reaction to these decisions has been mixed; MASK Coin surged by 5%, GMT increased by 1%, whereas AXS encountered a 2% dip and continued decline. It is crucial to note that delisting the pairs does not equate to a total removal, as Mina Coin still retains USD and EUR pairings, while MASK Coin is available in GBP, USD, and EUR.
This alteration forecasts potential repercussions as reduced interest may lead to further withdrawals or market exits. Investors keeping tabs on these altcoins should remain aware of the evolving circumstances.
Concrete insights from this situation include:
- A strategic shift toward prioritizing market health and liquidity consolidation.
- Specific altcoin pairs are experiencing decreased viability, prompting delisting.
- Continuing option for advanced trading despite impending delisting actions.
The unfolding scenario serves as a signal in the altcoin sector, with possible wider implications for the future of altcoin trading and market structuring amid shifting interest and liquidity dynamics. Stakeholders are advised to monitor these developments closely.
