Coinbase, a US-based cryptocurrency exchange, announced in an official statement that it has suspended trading support for three crypto assets.
Clover Finance (CLV), EOS (EOS), and League of Kingdoms Arena (LOKA) are no longer available for trading on Coinbase. Although details regarding the reasons behind this decision were not shared, the exchange said such trading suspensions are typically done as a result of liquidity, technical requirements, or compliance assessments.
Despite the trading suspension, Coinbase emphasized that users do not need to worry about the safety of their assets. The company said that users' funds are completely safe and can be withdrawn at any time. Additionally, users can continue to access their accounts and view their assets without interruption.
As one of the older and more established projects on the market, EOS has long enjoyed a high market capitalization. However, due to the slowdown in ecosystem expansion and increased competition in recent years, the trading volume of assets has decreased. CLV and LOKA, on the other hand, are known as more niche projects with limited trading volume on Coinbase.
Coinbase's move is seen as part of the exchange's regular asset reviews. The Company periodically reviews each listed asset to ensure compliance with platform standards. If necessary, we can suspend trading support for some tokens or delist them completely.
According to experts, stopping support for transactions could reduce the visibility of the token within the Coinbase ecosystem. However, it allows users to transfer their assets from the exchange to other wallets or platforms, thus preventing potential losses.
*This is not investment advice.
