Coinbase Suspends Trading for $MULTI, $VGX, $OOKI, DDX, JUP, BOND

Key takeaways

* Coinbase suspends trading for BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI), and Voyager (VGX).

* The decision was based on “recent reviews” to ensure the assets meet Coinbase’s listing standards.

* Users can still access and withdraw their funds in the suspended assets.

Coinbase, one of the world’s largest cryptocurrency exchanges, announced the suspension of trading for six cryptocurrencies: BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI), and Voyager (VGX). The suspension took effect on September 6, 2023, at approximately 9 AM PT, according to a statement released by the company.

Regulatory Compliance and Listing Standards

Coinbase stated that the decision was made after “regularly monitor[ing] the assets on our exchange to ensure they meet our listing standards.” The company did not elaborate on the specific reasons for the suspensions but emphasized that it was part of their ongoing compliance efforts. The announcement received 8,862 views, 8 reposts, 4 quotes, 25 likes, and 1 bookmark within hours of being posted.

User Impact and Next Steps

For users holding any of the six affected cryptocurrencies, Coinbase assured that “your funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at any time.” The company directed users with further questions to their help center at

Market Response

The delisting of these coins are announced on 24 August. Typically, the delisting of a coin from a major cryptocurrency exchange triggers a downtrend for that asset. For instance, Multichain (MULTI) experienced a significant surge on September 4, spiking over 115% to reach a high of $2.447. However, before its suspension from Coinbase, the coin has retraced to $1.286.

Similarly, Ooki (OOKI) saw a 2.5% increase with a price amplitude of 19%, reaching $0.002282 on September 4. Before the delisting, it has declined to $0.00189.

Given these market responses, it’s crucial for investors to monitor coins that are slated for delisting and consider selling off their holdings when prices pump prior to the suspension.

Implications for the Cryptocurrency Industry

The suspension of these six assets highlights the ongoing challenges that cryptocurrency exchanges face in balancing regulatory compliance with a diverse asset offering. It also raises questions about the criteria used by exchanges like Coinbase to evaluate the cryptocurrencies they list.


Coinbase’s decision to suspend trading for six cryptocurrencies underscores the exchange’s focus on regulatory compliance. While the immediate market impact remains to be seen, the move serves as a reminder of the evolving landscape of cryptocurrency regulations and the importance of due diligence for both exchanges and investors.

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Bitcoin at Start of Multi-Year Transformative Rally, Says Crypto Billionaire Mike Novogratz

Galaxy Digital CEO and Bitcoin bull Mike Novogratz says Bitcoin is undergoing a massive rally that, unlike its 2017 boom, is bolstered by increasing institutional adoption.

In a new episode of The Interview – Crypto, hosted by Real Vision CEO Raoul Pal, Novogratz says that although Bitcoin may be ascending parabolically as 2020 comes to a close, he does not see this move as a 2017 repeat.


Novogratz believes this Bitcoin rally has staying power. The head of the digital asset management firm suggests that BTC could double in price over the course of the next year and take a sizeable bite out of gold’s market cap.

“I am so much more convinced that this is not 2017, where I kept telling everyone this was a speculative mania, that this is the start of a multiyear, multi-hundred percent giant, transformative rally. It is easy for me to see Bitcoin being at 50,000 next year.

That is 10% of gold. I think gold is going higher. I know once we get to 10% of gold, we are like, ‘Why is it only 10% gold? Why is it not 25% of gold?’ Then it is going to eclipse gold at one point. That is not going to happen in a year. I guarantee it is not going to happen in a year, but these things happen faster when you are getting these network effects.”

The Digital Galaxy CEO highlights the entry of MassMutual in BTC. The 169-year-old insurance giant invested $100 million in Bitcoin. Novogratz says it is an important milestone that could inspire other companies to buy in. 


“I just remember the guy that founded Litecoin sold along the top, and I was like, ‘Dude, not great as the founder to unload everything literally on the high tick. Great as a speculator, but not as a community builder.’ I do not see new people entering those communities. To be fair, they feel almost more like passing the parcel or Ponzis. What is different in Bitcoin? In Bitcoin, I see new people entering all the time, institutions.

Today, Mass General enters. That is a huge, huge deal, which we can maybe get to later…

If we step back and think about how important this is, if an insurance company can do this and be public about it, there is not an institution in the world that has to feel the shame about buying Bitcoin. They are all – and I can tell you from every bank, we are dealing with, banks that we have not dealt with before – ‘How do we get involved?’”

Novogratz says he is beginning to see a shift in the market as more and more deep-pocket investors are finding value in holding Bitcoin. In the eyes of the Galaxy Digital CEO, the challenge now is that institutions want exposure fast, but there’s growing competition for a slice of the BTC pie.

“Now, the problem is it is happening so fast, you cannot take advantage of it as much as you want to because you cannot hire the right people fast enough, and you got a lot of competition.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Macro analyst and Real Vision CEO Raoul Pal says practically no one in the crypto space understands the true value proposition of Bitcoin and the altcoin market at large. The former Goldman Sachs hedge fund manager says the size of the opportunity is so large, it is virtually guaranteed that Bitcoin will not be the […]

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Ripple’s Head of Global Institutional Markets Says XRP Addressing Multi Trillion-Dollar Market, Recommends Barbell Strategy for Crypto Investors

Ripple’s head of global institutional markets is offering her take on the crypto markets and the value propositions of Bitcoin and XRP. In a new interview with Barron’s and Grayscale, Breanne Madigan notes the rising number of institutional investors entering the crypto markets and says anyone looking to invest in the space should consider use […]

The post Ripple’s Head of Global Institutional Markets Says XRP Addressing Multi Trillion-Dollar Market, Recommends Barbell Strategy for Crypto Investors appeared first on The Daily Hodl.


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