Coinbase Announces Suspension of Five Altcoins: GAL, LIT, DAR, ORN, and PRQ Trading to Halt in May 2025

In a recent official statement from Coinbase Assets, the leading cryptocurrency exchange revealed its decision to delist and suspend trading for five prominent altcoins: Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN), and PARSIQ (PRQ). The trading suspension will take effect on May 16, 2025, at approximately 2:00 PM Eastern Time across all Coinbase platforms.

The primary reason cited for this significant market move is the release of new token versions by these projects. According to Coinbase's strict listing standards compliance policy, the original versions of these tokens no longer meet the exchange's requirements for continued trading support.

This suspension will impact all major Coinbase trading services including:

• Coinbase Simple Trade
• Coinbase Advanced Trade
• Coinbase Exchange
• Coinbase Prime

Investor Impact Analysis: This delisting decision could potentially affect investors in several ways:

1. Liquidity concerns as trading options become limited
2. Price volatility may increase leading up to the suspension date
3. Investors may need to migrate to new token versions or transfer holdings to supporting wallets
4. Long-term portfolio rebalancing considerations for affected assets