Coinbase To Delist Popular Cryptocurrency This August: Details

Key Points

1. Coinbase will suspend trading for Function X (FX) on August 15, 2025, due to the project's migration to a new ERC-20 token and failure to meet listing standards.

2. FX trading will be halted on Coinbase (Simple and Advanced Trade), Coinbase Exchange, and Coinbase Prime.

3. Coinbase announced a partnership with JP Morgan Chase to accelerate cryptocurrency adoption in the U.S. and Canada.

4. Coinbase's Bitcoin holdings increased by 2,509 BTC in Q2 2025, bringing total holdings to 11,776 BTC with a cost basis of $740.

5. July 2025 saw significant regulatory progress in the U.S., including the passage of the GENIUS Act and progress on the CLARITY bill.