Coinbase Prime, the institutional arm of Coinbase, will discontinue custody services for 49 altcoins by the end of April 2025. This decision impacts lesser-known tokens across niche blockchain projects, real estate, and investment-related assets.
Why Is Coinbase Prime Delisting These Altcoins?
The announcement was made via an X (Twitter) post on April 14, citing regular evaluations to ensure assets meet institutional standards. While specific reasons remain undisclosed, potential factors include:
- Low liquidity or trading volume
- Regulatory compliance concerns
- Market activity declines
👉 Read Coinbase’s official statement here
List of Affected Altcoins
Key tokens losing custody support include:
| Token | Symbol | Category |
|-------------|--------|------------------------|
| BOSAGORA | BOA | Blockchain |
| Telcoin | TEL | Payments |
| Oraichain | ORAI | AI & Oracle Services |
| RioDeFi | RFUEL | DeFi |
| 1717 Bissonnet | 1717 | Real Estate |
Full list available in Coinbase Prime’s delisting notice.
Institutional Impact and Market Reaction
- Clients must transfer/liquidate holdings before April 30, 2025.
- Price performance varies: Some tokens (PNT, ORAI) gained value post-announcement, while others remained stable.
- Coinbase Prime still supports 430+ assets, making this a minor adjustment.
Broader Context
- Recent Coinbase Listings: DOGINME, KEYCAT, and EDGE saw price surges after being listed.
- Market Challenges: Coinbase stock dropped 30% in Q1 2025, marking its worst quarter since FTX’s collapse.
👉 Explore institutional crypto custody alternatives
FAQs
1. Why is Coinbase Prime delisting these tokens?
The decision likely stems from low liquidity, compliance hurdles, or reassessment of institutional viability.
2. What should affected users do?
Transfer assets to another wallet or exchange before the April 2025 deadline.
3. Will this impact Coinbase’s retail platform?
No—this change applies only to Coinbase Prime (institutional services).
4. Are there risks to holding delisted tokens?
Yes—reduced accessibility and potential liquidity issues may affect market value.
Key Takeaways
- Strategic shift: Coinbase prioritizes high-liquidity, compliant assets.
- Institutional focus: The move aligns with serving large-scale investors more effectively.
- Market volatility: Crypto remains unpredictable; always conduct independent research.
Disclaimer: This content adheres to strict editorial guidelines. Verify details independently and consult financial experts before making decisions.