Coinbase Prime is set to end custody support for 49 altcoins by April’s end, impacting lesser-known tokens including Telcoin, BOSAGORA, and certain real estate-linked assets. This move is part of a broader strategy to focus on liquid, institutional-grade tokens amid prevailing market conditions.
The decision to discontinue custody support was publicly announced on April 14, aiming to reflect an ongoing evaluation of supported assets. Coinbase has not offered specific reasons but links the change to factors like low liquidity and a need for compliance with institutional standards.
Investors utilizing Coinbase Prime must transfer or liquidate their holdings of affected tokens by the end of April 2025. Despite this adjustment, Coinbase continues to support over 430 crypto assets and aims to maintain its focus on more liquid investments.
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