Coinbase Delists DAI, Converts Balances to USDS in May

Coinbase has announced it will discontinue support for Dai (DAI), the Ethereum-based stablecoin tied to the MakerDAO ecosystem, with trading set to go offline on May 4, 2026. The move is part of the exchange's ongoing asset review praocess, through which listed tokens are periodically evaluated against Coinbase's listing standards.

Key Dates and Actions for DAI Holders

DAI holders on the platform should be aware of the following critical deadlines:

• May 4, 2026 — Trading for DAI will be disabled on both Coinbase.com and the Coinbase mobile app.
• May 4–6, 2026 — Send and receive support for DAI will be temporarily suspended during this window.
• Post-May 4 — Any DAI remaining on the platform will be automatically converted to USDS at a rate of 1 DAI to 1 USDS.

Users who wish to avoid the automatic conversion are advised to withdraw their DAI to a compatible self-custody wallet before the May 4 deadline. Notably, users in selected EEA regions will not have their DAI migrated, meaning those affected must take manual action before transfer restrictions come into effect.

Additional Delistings: TIME and TRU

The DAI delisting is not an isolated event. Coinbase has also announced it will suspend trading for Chrono.tech's TIME token on May 11, 2026 at 2 p.m. ET, with the suspension applying across Coinbase Simple Trade, Advanced Trade, Coinbase Exchange, and Coinbase Prime. Separately, the exchange has already disabled trading for TrueFi's TRU token ahead of its May 10 migration deadline.

Together, these actions reflect a deliberate effort by Coinbase to rationalize its asset listings across both retail and institutional product tiers.

Platform Expansion Continues in Parallel

Despite the wave of delistings, Coinbase continues to broaden its product offerings elsewhere. The exchange launched perpetual futures tied to AI infrastructure and compute firms on April 29, 2026, covering Advanced Micro Devices, Arm Holdings, Intel, Micron Technology, and SanDisk. On the spot side, Coinbase added support for Gensyn and Virtuals Protocol and confirmed upcoming spot trading for MegaETH's MEGA token, with Wrapped Ronin (WRON) spot trading expected to go live on April 30.

The contrasting moves — removing legacy or non-compliant assets while onboarding emerging tokens and novel derivatives — illustrate Coinbase's ongoing effort to balance regulatory diligence with market competitiveness. For DAI holders, the May 4 deadline remains the most pressing date to act.

Published by Coinplurk.com