Coinbase Announces New Asset Launches, Incorporating USDC in the Lineup
Coinbase Announces Delisting of Ethernity Chain and Function X, New Listings Including WalletConnect Token
In a recent tweet, Coinbase, the leading cryptocurrency exchange, announced changes to its listings and trading activities. The exchange has given reasons for the delisting of Ethernity Chain (ERN) and Function X (FX), and also unveiled new listings, including WalletConnect Token (WCT) on the Optimism network.
The delisting of Ethernity Chain (ERN) and Function X (FX) is due to issues with the migration bridge and paused smart contracts. Specifically, the migration bridge for Etherity Chain (ERN) to EPIC was closed without advance notice, and the underlying smart contract for Function X (FX) remains paused by the project team. The project team for Ethernity Chain (ERN) has indicated that the bridge may not be reopened.
Trading for Function X (FX) will be suspended on Coinbase Simple and Advanced Trade platforms on Aug. 15, 2025, at 2 p.m. ET, and for Ethernity Chain (ERN) on Aug. 22, 2025, at 2 p.m. ET. Trading of WalletConnect Token (WCT) is expected to commence on or after 9 a.m. PT on Aug. 14, 2025, if liquidity conditions are met.
This is the first time Coinbase has delisted cryptocurrencies due to migration bridge and smart contract issues. The delisting of Ethernity Chain (ERN) and Function X (FX) is not related to the recent listings of WalletConnect Token (WCT) and Useless Coin (USELESS), which were added to Coinbase's roadmap earlier this month, along with Mamo (MAMO), Euler (EUL), Towns Protocol (TOWNS) and Succinct (PROVE).
Coinbase has a Virtual Currency Business Activity license from the New York State Department of Financial Services, which has boosted the move to allow "Sends and receives" of USDC on Base for New York residents. This feature is now available on Coinbase's iOS and Android apps.
The announcement was made in a recent tweet by Coinbase, and these new listings are available on Coinbase and in the iOS and Android apps. Coinbase has also added Useless Coin (USELESS) to its roadmap, but the details of its listing have not been disclosed yet.
Overall, Coinbase continues to expand its offerings and stay ahead of the curve in the rapidly evolving world of cryptocurrency. With a focus on ensuring the stability and security of its platform, the exchange is making strategic decisions to provide the best experience for its users.
- The WalletConnect Token (WCT) is among the new listings announced by Coinbase, joining Useless Coin (USELESS), Mamo (MAMO), Euler (EUL), Towns Protocol (TOWNS), and Succinct (PROVE) on the exchange's roadmap.
- The delisting of Ethernity Chain (ERN) and Function X (FX) from Coinbase is due to problems with their migration bridge and paused smart contracts.
- Trading for Function X (FX) will cease on Coinbase's platforms on Aug. 15, 2025, while trading for Ethernity Chain (ERN) will stop on Aug. 22, 2025.
- Coinbase has added a feature that allows "Sends and receives" of USDC on Base for New York residents, following the acquisition of a Virtual Currency Business Activity license from the New York State Department of Financial Services.
- The adoption of cryptocurrencies by industry giants like Coinbase contributes to the growth and sophistication of the overall cryptocurrency and finance sector.
- smart contracts associated with Function X (FX) are currently paused by the project team, and there are indications that the migration bridge for Etherity Chain (ERN) to EPIC may not be reopened.
