Major US virtual currency exchange, coinbase has notified users of its decision to remove some popular trading pairs from the platform. in post In X, the exchange clarified that this move is to improve the exchange’s overall market health and strengthen liquidity.
Coinbase moves to USD-based market to improve liquidity
The trading pairs to be delisted are MASK-USDT, MASK-EUR, MINA-USDT, GMT-USDT, AXS-BTC, and SNX-BTC. Coinbase will suspend trading in these pairs as of October 29, 2025 at 12:00 PM ET. This means that holders will no longer be able to make new trades on these pairs from then on.
In particular, the asset itself remains tradable, but only in pairs that have not been delisted by the exchange. The trading pair numbers don’t seem to encourage exchanges to continue offering it to their users.
We regularly monitor the exchange’s markets. In an effort to improve overall market health and strengthen liquidity, we are removing the following trading pairs: MASK-USDT, MASK-EUR, MINA-USDT, GMT-USDT, AXS-BTC, and SNX-BTC.
— Coinbase Markets 🛡️ (@CoinbaseMarkets) October 28, 2025
However, users of Coinbase Advanced and users in some eligible regions will still be able to trade these tokens. To do this, users must use USD-based trading pairs such as MASK/USD or MINA/USD.
This indicates that tokens are not completely removed from the list, but inactive pairs are removed from the list. The goal is to provide direct liquidity to Coinbase in the main USD market, which appears to be more prosperous than other trading pairs.
Meanwhile, the exchange has moved AXS-BTC to “restrict only mode”. This means users can place limit orders or cancel existing orders. However, instant buying and selling is disabled. The development suggests the pair could soon face outright bans.
Market observers are closely monitoring the impact this will have on delisted tokens. Notably, this move came as Coinbase delisted the OMNI and Perp pair. OMNI token price plummets by 17%. In this case, the exchange did not open up the Coinbase Advanced option to users.
Coinbase’s extensive trading strategies
As far as improving overall market health, Coinbase announced the following last week: BNB support. This will allow users to trade the BNB/USD pair. This is a significant development considering that BNB is the native token of another competing exchange, the Binance trading platform.
Binance founder Qiao Changpeng acknowledged that the listing proposal on social media was a big win for BNB. Despite market volatility, the asset has managed to stay above $1,000.
