Coinbase Prime, the division for institutional investors of the famous cryptocurrency exchange, has announced that it will cease custody support for 49 altcoins by the end of this month.
This move will affect a range of lesser-known tokens. Including assets related to niche blockchain projects and even tokens related to real estate.
49 altcoins lose custody support on Coinbase Prime
This decision was publicly announced in a post on X (formerly Twitter) on 04/14/2025.
"We regularly review the assets we support to ensure they continue to meet our standards. Based on recent reviews, Coinbase Prime will discontinue custody support for 49 assets, effective at the end of the month," the post stated.
The affected tokens include BOSAGORA (BOA), 0chain (ZCN), pNetwork (PNT), Telcoin (TEL), and Oraichain Token (ORAI). The list also mentions Sentinel Protocol (UPP), Cellframe (CELL), Ideaology (IDEA), and RioDeFi (RFUEL), serving various use cases in the blockchain ecosystem.
Even assets related to real estate and investment are affected. 1717 Bissonnet (1717), The Edison (EDSN), Draper Garland Apartments (GFDG), Forest Crossing Apartments (GFFC), Hello Albemarle (HLAB), etc. are some of the tokens mentioned.
Although some mentioned tokens have slightly decreased, other tokens remain unaffected. Additionally, PNT, ORAI, IDEA, and TEL have increased in price over the past day.
Price performance of CELL, TEL, BOA, ZCN, PNT, RFUEL, IDEA, ORAI. Source: TradingViewTo clarify, Coinbase Prime offers a range of services designed to meet the needs of institutional investors. The platform provides custody, trading, and financial solutions. The custody service allows institutions to securely store digital assets, ensuring compliance and protection for large-scale investments.
However, the latest decision removing these assets suggests that the platform is re-evaluating its services. Coinbase has not disclosed specific reasons for removing these assets.
However, this move may be related to factors such as low liquidity, market activity, or failure to meet institutional compliance standards. For institutional clients using Coinbase Prime, this change means they will need to transfer or liquidate their assets before the end of 04/2025.
According to its website, Coinbase Prime currently supports over 430 assets. Therefore, this change represents a relatively small adjustment in its broader offering.
This announcement comes as the Coinbase exchange continues to expand its investment portfolio. A few weeks ago, the exchange listed Doginme (DOGINME), Keyboard Cat (KEYCAT), and then Definitive (EDGE). This move led to a significant price increase for these tokens.
However, broader market conditions have negatively impacted the exchange. BeInCrypto reported that Coinbase's stock experienced a 30% decline in Q1/2025. Moreover, this period marked the company's worst quarter since the cryptocurrency exchange FTX collapsed.
As Coinbase moves forward in the volatile cryptocurrency market, the decision to remove certain assets appears to be part of a broader strategy to focus on tokens with higher liquidity and better serve the needs of institutional clients.
