Major crypto exchange Coinbase has issued a delisting notice for one of the cryptocurrencies currently on the platform: Function X (FX), following a recent review.

In a recent tweet, Coinbase stated that it regularly monitors the assets on the exchange to ensure they meet listing standards. That said, based on recent reviews, it has decided to suspend trading for Function X (FX) as the project team has paused the underlying smart contract for the asset supported by Coinbase. Function X has migrated the (FX) ERC-20 token to a new ERC-20 token, Pundi AI (PUNDIAI).

Trading for Function X (FX) will be suspended Aug. 15, 2025, at 2 p.m. ET. FX trading will be suspended on Coinbase (Simple and Advanced Trade), Coinbase Exchange and Coinbase Prime. To this effect, FX order books have been migrated to limit-only mode, allowing limit orders to be placed and canceled and matches to occur.

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In listing news, Bio Protocol (BIO), BankrCoin (BNKR) and Treehouse (TREE) are now available on the Coinbase platform and in the Coinbase iOS and Android apps, allowing users to buy, sell, convert, send, receive, or store these assets.

Coinbase reveals major advancements

July was a landmark month for the cryptocurrency industry, marked by major positive regulatory progress in the U.S.: the GENIUS Act is now law, and CLARITY is on the way to the Senate.

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In the past month, Coinbase announced its partnership with JP Morgan Chase, one of the largest banks in the U.S., to accelerate cryptocurrency adoption. Users will soon be able to use Chase credit cards on Coinbase, redeem rewards points and link their Chase accounts directly to Coinbase.

Coinbase has also begun rolling out Samsung Pay as a way to buy crypto or fund accounts, starting in the U.S. and Canada.

As of June 30, Coinbase’s Bitcoin holding report revealed a 2,509 BTC rise in Q2, bringing total Bitcoin holdings to 11,776 BTC at a cost basis of $740 million.

Cryptocurrency exchange Binance is taking steps to comply with European crypto regulations by announcing upcoming delistings of several stablecoins.

On March 31, Binance will delist spot pairs with nine stablecoins — including Tether USDt (USDT) and Dai (DAI) — to comply with Europe’s Markets in Crypto-Assets (MiCA) regulation, the exchange officially announced on Monday.

The delistings will exclusively apply to users in the European Economic Area (EEA), who would be still able to sell their non-MiCA stablecoins after March 31 using Binance Convert.

MiCA-compliant stablecoins, such as Circle-issued stablecoins, USDC (UDSC) and Eurite (EURI), will remain available and unchanged, Binance said.

“Custody of non-MiCA Compliant stablecoins will continue”

While encouraging EEA users to convert all non-MiCA compliant stablecoins into assets such as USDC or EURI, or fiat currencies like the euro, Binance said it will still support custody of non-MiCA compliant assets.

“Custody of non-MiCA-compliant stablecoins will continue and you will be able to withdraw or deposit non-MiCA-compliant stablecoins at any time,” the announcement notes.

The full list of the affected non-MiCA-compliant stablecoins on Binance includes Tether USDt, Dai, First Digital USD (FDUSD), TrueUSD (TUSD), Pax Dollar (USDP), Anchored Euro (AEUR), TerraUSD (UST), TerraClassicUSD (USTC) and PAX Gold (PAXG).

Binance’s announcement comes amid the exchange still working to receive a MiCA license. The exchange previously announced changes to its deposit and withdrawal procedures in Poland to comply with the MiCA framework in January 2025.

This is a developing story, and further information will be added as it becomes available.

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