Key Highlights
- Coinbase has announced the delisting of six perpetual futures contracts, with trading set to end on June 24, 2026.
- The affected pairs are SPK-PERP, ZAMA-PERP, GUN-PERP, TURBO-PERP, MOODENG-PERP, and NOM-PERP.
- All open positions will be automatically settled when trading is suspended, using the average index price from the final 60 minutes before the halt.
Coinbase, a publicly traded cryptocurrency exchange, has announced the delisting of six perpetual futures trading pairs, with trading scheduled to be suspended on June 24, 2026, at approximately 13:00 UTC.
In an X post on Wednesday, the exchange stated that the affected contracts are Spark (SPK-PERP), Zama (ZAMA-PERP), Gunz (GUN-PERP), Turbo (TURBO-PERP), Moo Deng (MOODENG-PERP), and Nomina (NOM-PERP). The move reflects Coinbase’s ongoing management of its derivatives offerings, where low-volume or underperforming contracts are periodically reviewed and removed.
According to the announcement, all open positions in these perpetual futures will be automatically settled at the time of suspension. The final settlement price for each contract will be determined by the average index price over the 60 minutes immediately preceding the trading halt. The final funding rate will be set to zero for the last funding interval before settlement.
What the move means for traders
Coinbase stated that it reserves the right to suspend trading earlier than planned and to adjust the final settlement price to a level it deems reasonable, providing flexibility in response to unusual market conditions or other risk factors.
The six tokens being removed represent a mix of newer or meme-influenced projects. Moo Deng (MOODENG), in particular, gained attention as a viral Solana-based meme coin, while Spark, Zama, Gunz, Turbo, and Nomina have varied levels of community support and utility. Their removal from Coinbase’s perpetuals platform could reduce visibility and trading accessibility for these assets on one of the largest regulated crypto venues.
For affected traders, the automatic settlement process is intended to provide an orderly exit. However, users with open positions are advised to close them manually before the deadline to avoid potential slippage or unexpected settlement outcomes. Coinbase also advised users to monitor official communications for any updates, as the exchange retains discretion over final execution details.
Similar action taken earlier this year
In April, Coinbase also announced the suspension of 25 perpetual futures contracts on its Advanced and International Exchange platforms. The suspended pairs included a range of altcoins and meme-related assets such as TRB-PERP, RARE-PERP, NEIRO-PERP, ME-PERP, RAY-PERP, STX-PERP, ENS-PERP, 1000FLOKI-PERP, ORDI-PERP, CLANKER-PERP, and BIGTIME-PERP.
At the time, Coinbase stated the move was part of the exchange’s ongoing efforts to streamline its derivatives offerings and focus on products with stronger liquidity and higher market quality standards.
Users advised to monitor official updates
As the cryptocurrency derivatives market continues to mature, exchanges like Coinbase are expected to maintain active oversight of listed products. Users are encouraged to review Coinbase’s official blog or announcements for the latest details regarding the June 24 suspension and settlement procedures.
This delisting comes amid broader efforts by Coinbase to navigate regulatory requirements in various jurisdictions while expanding and refining its derivatives offerings. The platform has progressively added and removed contracts based on liquidity, compliance considerations, and market demand.
The full impact on trading volumes and prices for the affected tokens remains to be seen following the removal of these leveraged instruments.
Also Read: Kalshi’s Next Crypto Move: Solana Perpetuals Go Live
