While new listings continue to make headlines in the cryptocurrency world, delisting announcements have also begun to surface at a steady pace. Out of the millions of digital assets on the market, only a select few manage to attract enough interest to stand out—and even then, not all of them achieve lasting success. Those cryptocurrencies that fail to generate sufficient trading volume or justify the cost of maintaining their trading pairs often find themselves removed from exchanges.
Coinbase Announces Delisting of 25 Trading Pairs
Suspending trading pairs does not necessarily mean that the underlying altcoins are being fully delisted from the platform. However, in the case of Coinbase, the latest action affects 25 futures trading pairs, effectively halting derivative trading for the affected assets. According to an announcement, Coinbase Markets will suspend these pairs—including MET-PERP, REZ-PERP, SUSHI-PERP, GMX-PERP, GRT-PERP, and ARKM-PERP—at approximately 1:00 PM UTC on March 16 for both Coinbase Advanced and Coinbase International Exchange.
The full list of trading pairs to be removed is as follows:
- MET-PERP
- REZ-PERP
- BABY-PERP
- SUPER-PERP
- SUSHI-PERP
- GMX-PERP
- ERA-PERP
- XAN-PERP
- VINE-PERP
- T-PERP
- YB-PERP
- WCT-PERP
- HOME-PERP
- NOT-PERP
- MINA-PERP
- CATI-PERP
- DOGS-PERP
- COW-PERP
- GRT-PERP
- DRIFT-PERP
- COOKIE-PERP
- ARKM-PERP
- B3-PERP
- SXT-PERP
- BB-PERP
MINA Coin Draws Turkish Investors’ Attention
High-profile among the affected assets is MINA Coin, a cryptocurrency that has captured the interest of many Turkish investors. Once valued in the billions, MINA’s price collapse left many holders with losses exceeding 95%. The sharp decline reflects broader challenges facing some digital assets that struggle to maintain momentum in a highly competitive market.
Coinbase also issued a clarifying statement about the process:
“These pairs will be suspended on March 16, at around 13:00 UTC on Coinbase Advanced and Coinbase International Exchange. All remaining open positions will be automatically closed at the moment of suspension.
The final settlement price will be based on the average index price over the 60 minutes prior to suspension. For the last funding period before final settlement, the funding rate will be set to zero.
Coinbase reserves the right to suspend trading or adjust the final settlement price to a reasonable level at any time.”
For MINA Coin specifically, the situation underscores how a sharp drop in price can trigger added scrutiny and even removal from key trading opportunities. Once seen by some as a rising star in decentralized finance, MINA now finds itself battling waning confidence among both management and the broader investor community.
Major shifts in leadership and technical teams over the past year have further eroded trust in MINA Coin. Its current market capitalization has slipped to $67 million, nearly double what the development team reportedly has available for project funding. The disconnect between available capital and the project’s value raises concerns about MINA’s long-term sustainability; ideally, the development fund should balance at roughly half of the asset’s market cap for healthy operations.
The project initially made headlines for its pioneering work in zero-knowledge (ZK) technology and lightweight blockchain architecture, which drove significant excitement in its early days. However, since 2021, slow technical progress and an inability to deliver on growth expectations have frustrated supporters. This lack of momentum is now being reflected in major exchanges’ decisions to remove even derivatives trading for MINA Coin, signaling deepening challenges for the asset moving forward.
