Coinbase Drops Multichain, Ooki, Voyager Tokens
The cryptocurrency exchange Coinbase said that trading for six tokens will be banned on September 6. The modification affects multiple coins, including BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI), and Voyager (VGX).
The platform announced that Coinbase.com, Coinbase Pro, Coinbase Exchange, and Coinbase Prime will be affected by the suspension. Delistings are caused by various issues, each token facing its own problems. Multichain has been dealing with various issues since the July stoppage of operations due to the arrest of the founder’s sister.
Binance withdrew support for Multichain’s bridge tokens, causing a loss of over $126 million in July. MULTI has dropped by 1.5%, raising concerns due to Coinbase’s actions, which contradict the SEC’s ongoing legal battle. Coinbase argues it does not deal in securities, a defense that comes amid similar legal actions against Binance.
(With inputs from Shikha Singh)
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