Coinbase announced that it will suspend trading for IDEX, Loopring (LRC), Omni Network (OMNI), Pirate Nation (PIRATE), and StaFi (FIS). On the same day, the exchange added the GRVT token to its listing roadmap.
Countdown Begins for Five Tokens
Coinbase Markets will suspend spot trading for five assets on August 7, 2026, at around 2:00 p.m. ET. The exchange described the move as the result of a routine review, but did not specify which criteria each asset failed to meet.
The market reaction was not evenly distributed. StaFi (FIS) and Pirate Nation (PIRATE) fell by more than 20%, while LRC and OMNI dropped between 10% and 15%. IDEX, however, did not see a sharp move. In low-volume tokens, it is not surprising that selling pressure is reflected in prices more quickly.
There is also a separate detail on the Loopring side. Shortly before Coinbase’s announcement, the project shut down its own decentralized exchange, Loopring DEX, citing low usage. The two developments came back to back, and part of the decline in LRC likely stems from this.
Coinbase stated that the suspended tokens will remain in users’ wallets and that withdrawals will not be blocked. Orders will move to limit-only mode: market orders will be disabled, users will only be able to place and cancel limit orders, and matching orders will still be executed.
GRVT Added to the Roadmap
On the same day, Coinbase added the GRVT token to its official listing roadmap. GRVT is a hybrid derivatives exchange built on zkSync infrastructure, offering self-custody. It aims to combine the speed of a centralized exchange with the transparency of decentralized finance, while enabling trading without gas fees.
The GRVT token was launched after the second season ended in late June 2026. Its total supply is fixed at 1 billion tokens, while the community and airdrop allocation was increased to 28%. The token unlocks membership benefits such as trading fee discounts, margin efficiency, and priority access to investment vaults.
The platform’s growth figures also appear to support the listing decision. During its second season, GRVT’s total value locked (TVL) rose from $11.3 million to $107.1 million, marking an 847% increase. Open interest climbed to $484.1 million, while cumulative two-sided trading volume reached $393 billion. In January 2026, monthly trading volume rose to $51.6 billion, while the number of active users increased by 76% to more than 10,000. This picture summarizes GRVT’s transformation from a niche perp DEX into a platform that caught Coinbase’s attention.
Being added to the roadmap does not automatically mean a listing. However, GROVE, which was added to the same list last week, gained more than 25% after spot trading opened. A similar scenario is expected for GRVT.
Coinbase also shared GRVT’s Ethereum network (ERC-20) contract address: 0xAD29F2723fcdBcF665F210F25E06f97477e417cF.
