Coinbase registers 5 cryptocurrencies: withdrawals are still open

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Coinbase, a leading cryptocurrency exchange, has announced the registration of five digital assets: Galxe (Gal), Parsiq (PRQ), Dalarnin Mine (DAR), Litentry (LIT), and Orion Protocol (ORN).

The Cryptocurrency Platform says it has regularly reviewed the coins listed on the platform to ensure they are still compliant with the standards.

Coinbase cites list standard reviews

Following its latest valuation, Coinbase concluded that these five digital assets are no longer eligible for trading. The exchange added that users who hold either of these ciphers can pull them out at any time.

Coinbase did not specify the exact reason for listing these cryptocurrencies. However, analysts suggest that the exchange will consider a combination of factors such as project sustainability, trading volume, or regulatory compliance before making such decisions.

This registration will prevent you from buying and selling the above assets on Coinbase. However, anyone who is still interested in owning any or all of these tokens can transfer them to other exchanges where they are still listed.

Holders can also hold these assets in their Coinbase wallets in case there is a new development in the future. Earlier this month, Coinbase announced that it would void transactions for these assets.

Coinbase accelerates registration

From the period of that announcement, Coinbase would have placed transactions for these assets in “Limit-Only” mode. This means that only certain order types (such as purchasing or setting a selling price) are available, but other trading options are not possible.

Coinbase announcements remind us to maintain updates on our exchange policy as listings or listings may affect our crypto holding strategy.

Coinbase has appeared in the news within the last 24 hours after a data breach incident. As reported by U.Today, the company’s CEO turned the $20 million hacker’s demands into $20 million rewards to those who provided help in finding the people behind the incident.

The removal of GAL, PRQ, DAR, LIT and ORN is not the first abolition made by the cryptocurrency exchange after the incident. It also announced on Thursday that it had voided transactions for travel (moving).