Coinbase Makes Strategic Moves: Crypto Removal Signals Evolution in Platform

Coinbase, amidst ongoing restructuring and preparations for its imminent S&P 500 listing, has implemented strategic adjustments to its cryptocurrency offering. The platform’s removal of assets such as Movement (MOVE), Gemini Dollar (GUSD), and GYEN signals a focus on quality and alignment with strict listing standards. This move comes at a time when Coinbase is also pioneering new offerings like wrapped versions of major cryptocurrencies (cbADA, cbDOGE, cbLTC, cbXRP). Notably, they’ve expanded access to Coinbase Wrapped Staked Ethereum (CBETH) in New York state.