Today, America’s main crypto trading venue, Coinbase, announced a suspension of trading for 25 perpetual futures contracts on Coinbase Advanced and Coinbase International Exchange, effective March 16, 2026. It is important to clarify that this is not a spot token delisting, but only a halting of derivatives trading for these tokens.
As the exchange clarifies, all open positions will be automatically settled at the average index price over the final 60 minutes before the suspension.
GMX, SUSHI and ARK among 25 perpetual futures Coinbase will suspend
The list includes 25 tokens. The main ones to highlight are Meteora (MET), Bitcoin ecosystem play Babylon Genesis under the ticker BABY; SushiSwap (SUSHI), the well-known decentralized exchange token; and GMX, the leading decentralized perpetual trading platform on Arbitrum. Also included are Arkham (ARK), a recognized on-chain analytics service, and Mina, known for the narrative of being the lightest blockchain.
Several tokens tied to Telegram-based applications are on the list too, including Notcoin, Dogs and Catizen. The remaining tokens are more niche, covering areas such as DeFi, gaming and emerging layer-2 plays.
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Most market participants reacted positively to the news, noting that Coinbase is raising the quality bar of tradable assets. In terms of price impact, the affected tokens have shown little-to-no heightened volatility. However, some of them, such as Meteora, show the potential for a minor dip amid lingering perpetual positioning and related dynamics.
On the positive side, there are still 13 days until the full suspension, and it applies only to futures. As for broader market signals, this appears to be a standard clean-up by Coinbase, and it is unlikely to have any disruptive impact on the global crypto market.