Coinbase, one of the leading cryptocurrency exchanges in the U.S., has revealed plans to suspend all trading activity for the MOVE token, the native asset of Movement Labs, starting May 15.
The announcement was made via Coinbase’s official X (formerly Twitter) account on May 1, where the exchange stated that the token no longer meets the platform’s listing standards. These standards typically include requirements around liquidity, security, regulatory compliance, and project transparency.
In preparation for the full suspension, Coinbase has already transitioned MOVE trading into limit-only mode. This means users can still place and cancel limit orders, but no new market orders are being accepted. The change affects all of Coinbase’s platforms, including Simple and Advanced Trade, Coinbase Exchange, and Coinbase Prime.
The MOVE token has taken a significant hit following the news, with CoinMarketCap reporting a 13.6% drop in price over the past 24 hours.
The trading halt appears to be connected to a broader issue. According to insider sources, Movement Labs is under investigation over a controversial agreement that may have manipulated or artificially influenced the token’s price—a serious concern for any platform listing the asset.
Coinbase regularly evaluates listed assets and has delisted tokens in the past that fail to maintain transparency, investor protection, or ecosystem integrity. The platform emphasized that protecting users and maintaining trust is its top priority.
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