Coinbase Is Delisting These Two Altcoins!

According to the latest news, cryptocurrency exchange Coinbase has decided to delist two altcoins. Which altcoins are being delisted?

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Coinbase Delists GUSD and GYEN: What’s Behind the Decision?

Coinbase announced via X (formerly Twitter) that it will delist GUSD and GYEN trading pairs from its platform. According to the announcement, trading for these two stablecoins will be suspended on May 7 at approximately 18.00 (UTC).

Although Coinbase did not provide a detailed explanation for this decision, asset delistings on exchanges are generally driven by various factors. Here are some possible reasons behind the move:

Why Are They Being Delisted?

Low Trading Volume and Liquidity: GUSD and GYEN may not be generating enough trading volume on Coinbase. Exchanges prioritize crypto assets with high liquidity. Low-volume assets can lead to wider bid-ask spreads and slippage, making trading less efficient for users.
Regulatory Pressure: Especially stablecoin projects have recently come under increased global regulatory scrutiny. The institutions behind GUSD or GYEN may be facing tighter regulations. This could have led Coinbase to delist these assets in order to minimize legal risks.
Strategic Focus Shift: Coinbase may be focusing on a narrower range of crypto assets aligned with its long-term vision. Such strategic streamlining can improve operational efficiency and simplify compliance processes.
Issuer-Related Issues: GUSD is issued by Gemini, while GYEN is issued by GMO-Z.com Trust Company. Technical, operational, or business-related issues specific to these institutions may have led Coinbase to remove these assets.

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