Coinbase, one of the world's largest cryptocurrency exchanges, announced that it has suspended perpetual futures contracts for 25 altcoins as of March 16, 2026. According to a statement from Coinbase Markets' official Twitter/X account, these trading pairs will be removed from Coinbase Advanced and Coinbase International Exchange platforms at 13:00 UTC on March 16.
Which coins were delisted?
The list announced by the exchange includes some well-known names. MET, REZ, BABY, SUPER, SUSHI, GMX, ERA, XAN, VINE, T, YB, WCT, HOME, NOT, MINA, CATI, DOGS, COW, GRT, DRIFT, COOKIE, ARKM, B3, SXT, and BB are among the assets that will be completely removed from the futures section. It was noteworthy that among these names were projects like SushiSwap (SUSHI), The Graph (GRT), and Arkham (ARKM), which have established a solid place in the crypto community over the years. Since some of the tokens on the list are recently prominent projects closely followed by investors, this decision was met with surprise in the market.
Open positions will be automatically closed
Coinbase stated that any open positions on the platform will be automatically closed as soon as the suspension occurs. The final settlement price will be calculated based on the average index price over the 60 minutes prior to the suspension. In addition, the funding rate for the last funding period will be reduced to zero to prevent investors from incurring additional costs. The exchange also emphasized that it reserves the right to halt trading at any time and adjust the final settlement price to a reasonable level if deemed necessary.
Why was this decision made?
Coinbase clearly explained the rationale behind this step. The exchange stated that it made this decision as part of its efforts to create and maintain high-quality derivatives markets. Products that consistently failed to meet liquidity and market quality standards were delisted, with price integrity and user reliability taking precedence. In short, Coinbase aims to improve the structure of its futures trading section by adopting a "less is more" principle. The exchange also announced plans to accelerate its listing processes in the coming months. It is anticipated that by simplifying internal processes, new and high-quality derivative products can be introduced to the market much more effectively. The short-term market impact of such an announcement cannot be ignored. Delisting news usually manifests as immediate selling pressure and price drops in the relevant tokens. For small investors in particular, such developments can cause them to question the liquidity of their assets.
