Cryptocurrency investors using Coinbase, one of the most trusted and regulated crypto exchanges in the world, should take note: the platform has announced it will suspend trading for five digital assets—Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN), and PARSIQ (PRQ).
The official trading halt will begin on May 16, 2025, at approximately 2 PM ET, across all Coinbase platforms, including Coinbase.com, Coinbase Exchange, and Coinbase Prime. This move is not a reaction to poor performance or security breaches but rather a response to underlying blockchain upgrades affecting these tokens.
👉 Stay ahead of exchange changes and manage your portfolio proactively.
Why Are These Tokens Being Delisted?
According to an official statement from Coinbase, the delisting is directly tied to token version upgrades. Each of the five affected projects—Galxe, Litentry, Mines of Dalarnia, Orion Protocol, and PARSIQ—has launched a new version of its native token, often involving a migration to a new smart contract or blockchain layer.
As a result, the original tokens currently listed on Coinbase are now considered legacy versions. These outdated iterations no longer meet Coinbase’s stringent listing criteria, which prioritize security, functionality, and user clarity.
When a project migrates its token, the old version may become incompatible with updated protocols, wallets, or decentralized applications (dApps). In some cases, legacy tokens lose utility entirely or risk being exploited by malicious actors through confusion-based scams.
By removing these outdated assets from trading, Coinbase ensures that its users aren’t exposed to potential risks or operational issues stemming from deprecated technology.
Transition Already Underway: Limit-Only Mode Activated
To help users adjust, Coinbase has already placed all five token pairs into limit-only trading mode. This means:
- Users can still place or cancel limit orders
- No market orders are allowed
- Advanced order types (like stop-loss or trailing stops) are disabled
This transitional phase serves as both a warning and an opportunity. It allows holders time to either sell their holdings using limit orders or prepare for withdrawal before full suspension takes effect.
It's important to understand that while limited trading is still possible, liquidity may decrease as the delisting date approaches. Delaying action could result in difficulty exiting positions at favorable prices.
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What Should You Do If You Hold These Tokens?
If you currently hold any of the five affected tokens in your Coinbase wallet, it’s crucial to act before May 16, 2025.
Here are your key options:
1. Withdraw Your Tokens
Check whether the project behind your token has issued instructions for migrating to the new version. Many projects allow users to swap old tokens for new ones through official portals or smart contracts. Withdrawing ensures you retain control and can participate in any migration process directly.
2. Convert to Another Asset
You can also choose to sell your holdings (via limit order) and convert them into stablecoins like USDC or other major cryptocurrencies such as BTC or ETH before trading shuts down completely.
3. Research the New Token Version
Visit the official websites or verified social channels of Galxe, Litentry, Mines of Dalarnia, Orion Protocol, or PARSIQ to learn about:
- The reasons for the upgrade
- How the new token improves functionality
- Whether there’s a deadline for migration
- If failure to act results in permanent loss of value
Remember: once trading is suspended, you won’t be able to trade these assets on Coinbase anymore—though they may still appear in your account for viewing purposes.
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These terms have been naturally integrated throughout the content to enhance discoverability without compromising readability.
Frequently Asked Questions (FAQs)
Why is Coinbase delisting these tokens?
Coinbase is delisting GAL, LIT, DAR, ORN, and PRQ because they have undergone official token upgrades. The original versions are now outdated and do not meet Coinbase’s current listing standards for technical compatibility and user safety.
What does “limit-only mode” mean?
Limit-only mode allows users to place or cancel limit orders only. Market orders and advanced trading features are disabled. This gives users time to manage their positions before full suspension.
Can I still withdraw my tokens after trading stops?
Yes, Coinbase typically allows withdrawals even after trading halts. However, support for withdrawals may end later if the legacy tokens lose network support. It’s best to act early.
Will the new versions of these tokens be relisted on Coinbase?
There’s no guarantee. Relisting depends on whether the new token versions meet Coinbase’s evaluation criteria, including liquidity, compliance, and community demand. Projects must reapply for listing consideration.
Could I lose money if I don’t act?
Possibly. If you fail to withdraw or convert your tokens before full suspension, you may face reduced liquidity or miss out on migration opportunities. In extreme cases, unmigrated tokens could become worthless if the network fully deprecates them.
Where can I check official updates from the projects?
Always refer to the projects’ official websites and verified social media accounts:
- Galxe: galxe.com
- Litentry: litentry.com
- Mines of Dalarnia: dalarnia.com
- Orion Protocol: orionprotocol.io
- PARSIQ: parsiq.net
Avoid relying solely on third-party news sources or unverified forums.
👉 Access real-time data and tools to track token migrations and upgrades across blockchains.
Final Thoughts
The delisting of these five tokens highlights a broader trend in the evolving cryptocurrency ecosystem: continuous innovation through upgrades and migrations. While beneficial for long-term progress, such changes require active participation from investors.
Platforms like Coinbase play a critical role in protecting users by enforcing strict standards around token validity and technical integrity. As a holder, staying informed and proactive is essential.
Whether you're managing a small portfolio or overseeing multiple digital assets, understanding how exchanges handle deprecated tokens empowers you to make smarter decisions—especially during periods of transition.
Don’t wait until the last minute. Review your holdings today and ensure you’re prepared for what comes next in the dynamic world of blockchain technology.