Coinbase has delisted its MKR-PERP perpetual futures contract, settling open positions at $1,814.05. The decision, effective September 17, 2025, was based on a 60-minute average of MKR spot prices. This move impacts short-term liquidity and hedging options for traders, as they can no longer open or close positions. Following the delisting, MKR spot prices increased by approximately 3% to $1,821.63. Coinbase's action reflects industry practices of reviewing listings against governance and market standards. In a related development, Coinbase has partnered with Google and the Ethereum Foundation to facilitate AI-driven payment settlements, advancing interoperable AI payment flows.