Coinbase suspends trading for MOVE token

3 months ago FaviconCointelegraph

Crypto exchange Coinbase has announced it will suspend trading of Movement Labs’ native token effective May 15.

The decision was shared in a May 1 post on X, with Coinbase citing the token’s failure to meet its listing standards. According to CoinMarketCap, the MOVE token declined by 13.6% in the last 24 hours. Coinbase announced:

> “Trading for MOVE will be suspended on Coinbase(Simple and Advanced Trade), > Coinbase Exchange, and Coinbase Prime. We have moved our MOVE order books to > limit-only mode. Limit orders can be placed and canceled, and matches may > occur.”

The trading suspension follows an ongoing investigation into Movement Labs over an agreement that allegedly influenced the MOVE token price.

_Source:__Coinbase_

This is a developing story, and further information will be added as it becomes available.


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