Coinbase Will Temporarily Stop Certain Services This Weekend: Details Inside
The leading US-based cryptocurrency exchange Coinbase will perform scheduled maintenance on October 24, temporarily restricting key services including futures and perpetual futures trading for approximately nine hours.
During the maintenance period, trading futures and perpetual futures on Coinbase Financial Markets will be unavailable. The company emphasized that account access will remain unchanged throughout the process, urging clients to monitor its official X account for updates.
The announcement has sparked mixed reactions among users. While some appreciated the transparency, others expressed frustration over the extended service suspension during the weekend. One X user voiced concerns about potential market movements during the downtime.
Recent Delisting
Beyond the maintenance announcement, Coinbase recently revealed plans to delist the Ampleforth Governance Token (FORTH) effective November 23. The company assured that FORTH funds will remain accessible and withdrawals will continue to be supported.
FORTH funds will remain accessible, and withdrawals will continue to be supported.
Following the delisting announcement, FORTH experienced a price decline of approximately 15%, reflecting reduced liquidity and availability on the platform.
Regulatory Challenges
Coinbase has encountered regulatory hurdles in various jurisdictions. Earlier this month, Taiwan reportedly blocked access to the platform ahead of its November 28 elections, citing concerns about potential election-related betting.
In Kazakhstan, a court recently supported the Astana Financial Services Authority's efforts to limit access to six crypto entities, including Coinbase, Huobi Global, and others, prohibiting them from providing crypto services in the country.
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