Coinbase will suspend trading of the MOVE token
Cryptocurrency exchange Coinbase announced that it will suspend trading of Movement Labs' native token MOVE starting May 15. This decision was announced via the X platform on May 1. Coinbase pointed out that the token failed to meet its listing standards. According to CoinMarketCap data, the MOVE token has dropped by 13.6% in the past 24 hours. Coinbase stated:
"We will suspend MOVE trading on Coinbase's simple and advanced trading platforms, Coinbase Exchange, and Coinbase Prime. Our MOVE order book has been set to price-only mode. Limit orders can be placed and canceled, and there may be matching."
This trading suspension is due to Movement Labs being under investigation regarding an alleged agreement that affects the price of the MOVE token.
