Crypto exchange Coinbase in a surprising move on Friday announced suspending trading for Enjin Coin (ENJ) from mid-June. As a result, ENJ price tumbled 10% in a few hours, with the fall extending to over 13% in the last 24 hours. The crypto exchange also announced a suspension of trading for Metal (MTL), causing a more than 8% fall in prices.
Coinbase Announces ENJ and MTL Trading Suspension
In the latest posts on X on May 31, Coinbase said it will suspend trading for Enjin Coin (ENJ) based on recent reviews. Users will not be able to trade Enjin Coin (ENJ) from around 2 PM ET on June 14.
“We regularly monitor the assets on our exchange to ensure they meet our listing standards,” said Coinbase, citing reasons for the suspension.
Notably, trading will be suspended on Coinbase Simple and Advanced Trade, Coinbase Exchange, Coinbase Prime, and Native DEX. This indicates an overall takedown of Enjin Coin from the crypto exchange, sparking concerns among ENJ holders as they panic sell th
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