- Coinbase to suspend Function X trading following smart contract pause.
- New tokens BIO, BNKR, TREE added to Coinbase platform.
- Coinbase reports Q2 Bitcoin holdings rose to 11,776 BTC.
Coinbase has confirmed that it will suspend trading of Function X (FX) on August 15, 2025, at 2 p.m. ET across all its supported platforms. This is after a review revealed problems with the underlying smart contract, which the project team has halted.
Coinbase said it continuously evaluates listed assets to certify that they comply with the site’s operational and compliance requirements. In the process, FX order books have already been converted to limit only. This enables customers to still make and withdraw orders while still enabling the matches during the period before the complete suspension of transactions.
The FX token, originally an ERC-20 token, has been morphing into a new ERC-20 token bearing the name Pundi AI (PUNDIAI). The exchange decided to delist the FX token because the smart contract that supports it has been suspended.
Coinbase Adds New Tokens and Strengthens Market Presence
In contrast to the FX delisting, Coinbase has expanded its offerings by listing three new assets. BIO, BNKR, and TREE can be accessed on all web and mobile products across Coinbase. Through the coinbase app (iOS and Android), users can use the tokens to buy/sell/convert/send/receive and store them.
Coinbase has also announced its efforts to enhance its strategic relations and services. Recently, the firm has partnered with JP Morgan Chase to facilitate integration with credit cards so that customers can use redeemable reward points and connect Chase accounts to Coinbase directly.
Moreover, the exchange has already started introducing Samsung Pay, a payment method for buying crypto and funding accounts, with the U.S. and Canada being the first countries on the list. The goal of such a move is to make it more accessible and convenient to its customer base.
In its latest Q2 report, the exchange disclosed an addition of 2,509 BTC, raising total Bitcoin holdings to 11,776 BTC at a cost basis of \$740 million.
Coinbase’s latest actions reflect its ongoing efforts to enforce technical compliance while expanding its asset ecosystem. The delisting of FX and addition of new tokens underscore a focus on maintaining a secure and dynamic trading environment.
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