Coinbase to Suspend Trading of 10 Tokens, Including MEME, SAND, and BIRB Permanent Contracts

August 12th, Coinbase will suspend the following perpetual contract trading around August 26th 21:00 (UTC+8): Memecoin (MEME-PERP), The Sandbox (SAND-PERP), Moonbirds (BIRB-PERP), Blur (BLUR-PERP), Katana (KAT-PERP), SPX6900 (SPX-PERP), ZORA (ZORA-PERP), Axie Infinity (AXS-PERP), Gensyn (AI-PERP), and LayerZero (ZRO-PERP).

At that time, any remaining open positions will be automatically settled. The final settlement price will be the average index price from the 60 minutes before the trading suspension, and the funding rate for the last funding interval will be set to zero.