Coinbase Prime, the institutional branch of the popular exchange of cryptocurrencies, announced that it will end its support for 49 altcoins by the end of this month.
This decision will affect a less known range of tokens. These include assets associated with niche blockchain projects and even real estate tokens.
49 Altcoins lose the support of the guard on Coinbase Prime
The decision was made public in an article of April 14 on X (formerly Twitter).
“We regularly assess the assets that we support to make sure that they continue to comply with our standards. Based on the recent journals, Coinbase Prime will end the care of 49 active care, in force at the end of the month,” said the post.
The touched tokens include Bosagora (BOA), 0chain (ZCN), Pnetwork (PNT), Telcoin (Tel) and Oraichain Token (Orai). The list has also mentioned Sentinel Protocol (UPP), Cellframe (Cell), Ideaology (IDEA) and Riodefi (RFUEL), which are aimed at different use cases in the blockchain ecosystem.
Even real estate and investment assets have been affected. 1717 Bissonnet (1717), The Edison (Edsn), Draper Garland Apartments (GFDG), Forest Crossing Apartments (GFFC), Hello Albemarle (HLAB), etc. were part of the tokens mentioned.
While some of the features have seen modest drops, others have remained unassigned. In addition, Pnt, Orai, Idea and Tel appreciated the price during the last day.
For the context, Coinbase Prime offers a series of services designed to meet the needs of institutional investors. The platform provides childcare, trading and financing solutions. The first allows institutions to store digital assets safely, ensuring the compliance and protection of large -scale investments.
Nevertheless, the last decision to delete these assets suggests that the platform reassesses its offers. Coinbase has not disclosed specific reasons for removing these particular assets.
However, this decision could be linked to factors such as low liquidity, market activity or non-compliance with institutional quality compliance standards. For institutional customers using Coinbase Prime, this change means that they will have to transfer or liquidate their assets before the end of April 2025.
According to its website, Coinbase Prime currently supports more than 430 assets. Thus, change represents a relatively low adjustment in the wider supply.
The ad comes as the Coinbase exchange continues to extend its portfolio. A few weeks ago, the exchange listed Dobinme (Doginme), the Cat (Keycat) keyboard, then final (edge). This decision led to notable price increases for tokens.
However, wider market conditions have had a negative impact on the exchange. Beincrypto said Coinbase shares experienced a 30% drop in the first quarter of 2025. In addition, the period marked the company’s worst quarter since the deceased exchange of FTX cryptocurrency collapsed.
While Coinbase is progressing in a volatile cryptocurrency market, this decision to set up certain assets seems to be part of a wider strategy to focus on more liquid tokens and better meet the needs of institutional customers.
Non-liability clause
In membership of the Trust project guidelines, Beincrypto has embarked on transparent impartial reports. This press article aims to provide precise and timely information. However, readers are invited to check the facts independently and consult a professional before making decisions according to this content. Please note that our terms and conditions, our privacy policy and our non-responsibility clauses have been updated.
