In keeping with the newest assertion made by Coinbase, the trade won’t help the Celo (CELO) laborious fork that may happen shortly.
Within the assertion, it was reported that the migration that may trigger Celo to rework from the layer 1 ecosystem to the layer 2 ecosystem won’t be supported by Coinbase, and that when the migration in query happens, block manufacturing of the layer 1 community can be stopped.
In keeping with the trade, the cessation of block manufacturing signifies that traders who don’t withdraw their belongings from Coinbase by the date of the laborious fork will not have their belongings accessible. Coinbase has requested traders to withdraw their CELO holdings by January 13, 2025 to keep away from shedding their belongings.
Alternatively, Celo’s ticker on Coinbase is listed as CGLD, not CELO.
It isn’t but clear whether or not this can imply that CELO can be de facto delisted from Coinbase or whether or not the trade will relist the hard-forked token sooner or later.
*This isn’t funding recommendation.
