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Coinbase ends support for PAX Gold and 13 other tokens in Europe, converting balances to USDC by Oct 30.

Market News
28 Oct 2026, 09:15 WIB
CryptoTicker
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Bearish
Coinbase ends support for PAX Gold and 13 other tokens in Europe, converting balances to USDC by Oct 30.

Coinbase will stop supporting 14 tokens, including PAX Gold (PAXG), for retail customers in the European Economic Area by October 30, 2026. Remaining balances will be automatically converted to USDC, a dollar stablecoin, due to EU MiCA regulations that classify gold tokens as asset-referenced tokens requiring authorization, which no issuer currently holds. This change affects trading on regulated European exchanges but holders can still keep and transfer tokens via decentralized platforms. The forced swap is treated as a taxable disposal event, so investors should record acquisition details and consider withdrawing tokens to private wallets before the deadline.

The story on tokenized gold and the MiCA regulatory gap in the EU is presented with Pluang's market snapshot as of Oct 28, 2026 13:03 WIB: out of 50 major cryptocurrencies priced on Pluang, 45 rose and 4 fell today. SushiSwap (SUSHI) traded at Rp3.763 with a 3.53% increase and 100% sell order activity. Zilliqa (ZIL) was priced at Rp37, gaining 3.46%, with 82% buy orders and a typical hold time of 134 days.

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