Coinbase suspends trading for MOVE token
Coinbase is halting trading of Movement Labs’ MOVE token on May 15, citing noncompliance with its listing standards.
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:
The trading suspension follows an ongoing investigation into Movement Labs over an agreement that allegedly influenced the MOVE token price.