Coinbase has announced that it will terminate trading for four altcoins — Helium Mobile (MOBILE), Render (RNDR), Ribbon Finance (RBN), and Synapse (SYN) — effective June 26 at 2 p.m. ET. The decision stems from updated token versions that no longer meet Coinbase’s listing requirements. Ahead of the delisting, Coinbase has shifted the order books for these assets to limit-only mode, allowing only limit orders to be placed and canceled.
The announcement has led to immediate and significant price declines for all four tokens. RNDR dropped approximately 7% in a single day, while MOBILE, RBN, and SYN prices fell by double digits, with SYN suffering the worst loss of nearly 15%. The delisting reduces liquidity and visibility on one of the leading cryptocurrency exchanges, often sparking investor uncertainty and increased sell pressure.
Render, being the largest by market capitalization among the affected tokens, surprised some traders who anticipated continued Coinbase support due to its prominence. Historically, Coinbase listings have led to substantial rallies for certain tokens, seen recently with tokens like TOSHI and TNSR, which experienced double and triple-digit price spikes upon being added to Coinbase’s roadmap or listings.
Coinbase delisting is typically influenced by various factors including regulatory concerns, declining network activity, security issues, or reduced community involvement. Holders of the affected tokens are urged to either sell or withdraw their assets before the June 26 deadline to maintain control and avoid potential trading restrictions. This development underscores the importance of staying informed through official exchange announcements and reliable crypto news channels.