Coinbase Delists Function X, Lists New Tokens Amid Service Expansion

Coinbase, the first crypto firm to join the S&P 500 index, recently announced that it will suspend trading for Function X (FX) on August 15, 2025. Coinbase made this decision after a routine review process. This move is part of the exchange’s strategy to ensure all listed assets continue to meet its strict listing standards.

Coinbase Drops FX, Adds New Tokens

The leading crypto exchange, with an over $100 billion market cap, found that the Function X project team had paused the smart contract linked to the token. This came after the team recently migrated the original FX ERC-20 token to a new one called Pundi AI (PUNDIAI).

As a result of this change, the old FX token no longer meets Coinbase’s listing standards. As of now, FX order books on Coinbase have been moved to limit-only mode. This means users can still place or cancel limit orders, and matches can happen. However, no new market orders are accepted. 

FX trading will be suspended across all Coinbase platforms, including Simple and Advanced Trade, Coinbase Exchange, and Coinbase Prime. While removing FX, Coinbase is also adding new assets to its platform. As announced, Bio Protocol (BIO), BankrCoin (BNKR), and Treehouse (TREE) are now available for buying, selling, converting, sending, receiving, and storing. 

These tokens can be accessed through the Coinbase website and mobile apps on iOS and Android.

Coinbase Partners With JP Morgan and Samsung

This move comes as Coinbase is expanding its reach through new partnerships. In July, the company announced a partnership with JP Morgan Chase, one of the largest U.S. banks. This will allow its users to connect their Chase bank accounts directly. Also, users can now even use their Chase credit cards to earn and redeem crypto rewards.

In addition, Coinbase has started rolling out Samsung Pay as a payment method for buying crypto. The feature is now available in the U.S. and Canada, making it easier for users to add money to their accounts.

At the same time, the company continues to show strong confidence in Bitcoin (BTC). As of June 30, the company added 2,509 BTC in the second quarter of 2025. This brings its total Bitcoin holdings to 11,776 BTC, bought at a total cost of $740 million.

Big Progress for Crypto Regulation in the U.S.

Coinbase’s recent progress comes after big news for the U.S. crypto industry. In July, the Trump administration signed the GENIUS Act into law, helping to set clearer rules for digital assets.

Another bill, called CLARITY, is also moving forward and now heads to the Senate. These new laws are expected to boost the crypto market and make investors feel more confident.