Coinbase to Delist Six Altcoin Trading Pairs to Improve Market Health

Oct 29, 2025, 11:53 a.m. 2 sources neutral
MASK
MINA MINA $0.08958 -0.43%
GMT GMT $0.01568 -2.91%
AXS AXS $2.21 -18.71%
SNX SNX $0.41 -2.16%

Coinbase, a leading U.S. cryptocurrency exchange, has announced the delisting of six popular altcoin trading pairs effective October 29, 2025, at 12:00 p.m. ET. The affected pairs are MASK-USDT, MASK-EUR, MINA-USDT, GMT-USDT, AXS-BTC, and SNX-BTC.

In a post on X, Coinbase Markets stated that this decision is part of an effort to improve overall market health and consolidate liquidity. The exchange will suspend trading on these pairs at the specified time, after which users cannot place new trades in them.

Notably, the underlying assets—MASK, MINA, GMT, AXS, and SNX—will remain tradable, but only in pairs not delisted, such as USD-based markets like MASK/USD and MINA/USD. Users on Coinbase Advanced and in select eligible regions can still access these tokens through these alternative pairs.

Additionally, the AXS-BTC pair has been moved to limit-only mode, allowing only limit orders and cancellations, with instant buying and selling disabled. This indicates a potential full suspension in the future.

Market observers are monitoring the impact, recalling that when Coinbase delisted the OMNI-Perp pair, it caused a 17% price crash for the OMNI token. However, the continued availability on Coinbase Advanced may soften the effects this time.

In a broader context, Coinbase recently added support for the BNB/USD pair, a significant development as BNB is Binance's native token, with Binance founder Changpeng Zhao praising the move. BNB has maintained a price above $1,000 amid market volatility.

MASK
Coinbase's delisting of MASK-USDT and MASK-EUR pairs represents a significant negative catalyst, reducing accessibility and liquidity for international traders. Historical precedent shows 17% price crashes following similar delistings. While USD pairs remain available on Coinbase Advanced, the removal of major trading pairs creates immediate selling pressure. Short-term outlook is bearish with high volatility expected around the delisting deadline. Long-term recovery depends on maintaining liquidity through alternative venues and broader market sentiment.
Technical analysis
Technical indicators show mixed signals: 15m RSI at 65.88 indicates approaching overbought conditions, while 4h RSI at 49.13 suggests neutral momentum. Strong ADX readings across timeframes confirm established trend strength. High stochastic levels on shorter timeframes indicate potential reversal risk, aligning with fundamental delisting pressure.
MINA MINA $0.08958 -0.43%
Coinbase delisting MINA-USDT pair signals reduced accessibility and liquidity fragmentation, historically causing sharp selloffs (OMNI dropped 17%!)(MISSING). However, MINA remains tradable via USD pairs on Coinbase Advanced, potentially cushioning impact. Short-term likely sees panic selling and volatility spike; long-term depends on whether alternative USD pair liquidity deepens or if delisting triggers broader exchange scrutiny.
Technical analysis
RSI 69.46 on 15m signals overbought near-term risk; ADX 49.29 shows strong downtrend momentum. Volume below 20-period average confirms weak participation, aligning with delisting sell pressure.
GMT GMT $0.01568 -2.91%
Coinbase's delisting of GMT-USDT pair represents a negative fundamental catalyst, reducing trading accessibility and liquidity. Historical precedent (OMNI's 17%!crash) suggests immediate selling pressure. However, continued availability via USD pairs on Coinbase Advanced may mitigate severity. Short-term likely sees a moderate price decline due to forced selling and reduced visibility, while long-term impact depends on broader market adoption and alternative exchange support.
Technical analysis
Technical indicators show weakness: 4h RSI at 37.39 (bearish momentum), ADX at 42.38 (strong downtrend), and CCI at -103.23 (oversold). This confirms negative sentiment from delisting news, suggesting continued selling pressure.
AXS AXS $2.21 -18.71%
Coinbase's delisting of AXS-BTC pair represents a negative fundamental catalyst with moderate intensity. While AXS remains available on USD pairs, the removal from BTC trading and shift to limit-only mode signals reduced accessibility and potential liquidity fragmentation. Historical precedent (OMNI's 17% crash post-delisting) suggests short-term selling pressure. However, continued availability on Coinbase Advanced may cushion the impact. Long-term effect depends on whether other exchanges follow suit or if AXS maintains sufficient USD pair liquidity.
Technical analysis
RSI at 70.06 (15m) shows overbought conditions, while ADX at 49 indicates strong trend momentum. Stochastic at 92.61 signals overbought territory, confirming technical vulnerability to negative news. Volume remains low at 7.24, suggesting limited buying interest to counter selling pressure.
SNX SNX $0.41 -2.16%
Coinbase delisting SNX-BTC pair represents moderate negative sentiment due to reduced trading accessibility and liquidity fragmentation. While SNX remains available on USD pairs, historical precedent (OMNI's 17% crash) suggests short-term selling pressure. Long-term impact limited as core USD trading continues, but immediate market reaction likely negative as traders adjust positions ahead of delisting deadline.
Technical analysis
4h MACD negative, RSI at 38.62 shows oversold conditions. Volume significantly below 20-period average (3208 vs 1.39M) indicates weak participation. Current price below VWAP (1.133 vs 1.46) confirms bearish momentum, supporting negative fundamental outlook.
Sources
Coinbase Makes Bold Moves by Delisting Altcoin Pairs
COINTURK NEWS 28.10.2025 19:29
6 Popular Altcoin Pairs Face Coinbase Delisting
u.today 29.10.2025 09:53
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