Coinbase has announced the suspension of trading for certain assets, including PAXG-PERP and ZORA-PERP, effective May 1, 2025, on its International Exchange platform.
This decision highlights Coinbase’s ongoing evaluation of assets to ensure compliance with their standards, prompting discussions among market participants about asset stability and exchange reliability.
Coinbase Ceases Trading of PAXG-PERP and ZORA-PERP
Coinbase has recently stopped trading for PAXG-PERP and ZORA-PERP. This move, effective May 1, 2025, was announced at 10:15 AM UTC. The specific reasons behind the suspension were not detailed in the announcement.
In March 2025, Coinbase suspended trading of memecoins FLOKI, TURBO, and GIGA in New York. This action aimed to comply with regulatory standards and ensure alignment with their asset-monitoring policies.
Regulatory Actions Spark Debate Among Analysts
The suspension has led to debates about the regulatory environment’s impact on digital assets. Market analysts believe that such actions can maintain asset integrity and ensure compliance with evolving standards.
Coinbase’s approach involves a 14-day lead time for users to close positions. This practice ensures that market activities remain orderly and provides participants the opportunity to adjust strategies before suspension. Mark Johnson, Communications Director, Coinbase, states, “We provide a default lead time of 14 days to users for closing positions before we proceed with automatic settlements during a trading suspension.”
2025 New York Actions Set Precedents for Coinbase
Past events, such as the 2025 New York memecoin suspension, exemplify Coinbase’s proactive compliance stance. The decision did not affect global listings, highlighting their focus on regional regulations.
Expert insights from Kanalcoin suggest that consistent compliance actions can strengthen exchange reliability and foster market trust. These measures align with Coinbase’s strategic focus on robust operational standards.
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