Coinbase has suspended trading for Ronin as the network begins its migration to a new Ethereum layer-2 (L2) network. The exchange confirmed that while RONIN trading is disabled, user funds remain accessible for withdrawal until the migration date is finalized. Users are responsible for transferring their tokens to a compatible self-custodial wallet, as Coinbase will not support the migration on their behalf.
The migration is part of Ronin's roadmap to transition from a gaming-focused Ethereum sidechain to a full-fledged L2 network, enhancing transaction speed and security. Despite the trading suspension, RONIN's price remained stable, trading around $0.0839 with a market cap of approximately $64.5 million, indicating the market had anticipated the transition.
Coinbase Halts Ronin Trading Amid Ethereum L2 Migration
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