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In recent developments within the cryptocurrency market, major exchanges have initiated steps that will significantly impact altcoin trading. Due to inadequate liquidity depth and declining interest, altcoins exhibiting weak trading volumes are being systematically delisted or seeing reductions in their trading pairs. This trend has become evident once again as Coinbase has announced plans to delist several altcoin pairs, including ones involving the prominent Mina Coin.
Sudden Delisting of Altcoin Pairs
Coinbase, a preferred platform among Turkish crypto enthusiasts, has declared the upcoming removal of specific trading pairs associated with Mina Coin and other cryptocurrencies. The pairs include MASK-USDT, MASK-EUR, MINA-USDT, GMT-USDT, AXS-BTC, and SNX-BTC. This decision has rolled back Mina Coin to its previous level of $0.104, as observed two days ago.
Explaining the rationale behind this move, a statement from Coinbase emphasized the platform’s ongoing market monitoring efforts. The delisting aims to enhance overall market health and consolidate liquidity. The announced changes will be effective from October 29, 2025, at approximately 12:00 ET, affecting the trading of MASK, MINA, GMT, AXS, and SNX.
Continuing Trading Options
While these trading pairs face suspension, Coinbase has confirmed that users in eligible regions can continue to trade these altcoins on USD order books through its Advanced platform. Notably, AXS-BTC will shift to a limit mode, where only limit orders can be placed or canceled and market orders remain unavailable.
The market has already reacted to these announcements, with MASK Coin increasing by 5%, GMT climbing by 1%, while AXS saw a 2% drop followed by further decline. Despite this, the removal of these pairs does not equate to a full delisting; for instance, Mina Coin still maintains its USD and EUR pairs, and MASK Coin retains GBP, USD, and EUR pairs.
Nonetheless, this situation raises concerns as diminishing interest in these altcoins could lead to further pair reductions and potential market exits. The ongoing dynamics serve as a cautionary indicator for investors and traders relying on these altcoins.
