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Coinbase to Delist This Ethereum-Based Stablecoin in May
TL;DR
Coinbase will disable trading for the Ethereum-based stablecoin Dai (DAI) on May 4, 2026, with send and receive support temporarily halted from May 4-6. Any remaining DAI on the platform will be converted to USDS at a 1:1 rate.
Key points
- Coinbase will disable trading for Dai (DAI) on May 4, 2026
- Send and receive support for Dai will be halted from May 4-6, 2026
- Remaining Dai on Coinbase will convert to USDS at a 1:1 rate
- Selected EEA regions will not have DAI migrated
- Coinbase regularly reviews assets for compliance
Mentioned in this story
CoinbaseMakerDAO
USDS
At April's close, Coinbase is issuing delisting alerts on a few crypto assets. In a recent tweet, Coinbase reminds users that trading for Dai (DAI) will be disabled on coinbase․com and the Coinbase mobile app on May 4, 2026. In addition, send and receive support for Dai (DAI) will be temporarily disabled from May 4 to 6, 2026.
Reminder: trading for Dai (DAI) will be disabled on coinbase․com and the Coinbase mobile app on May 4, 2026. Send and receive support of Dai (DAI) will be temporarily disabled from May 4-6, 2026.
Users in the following EEA regions will not have their DAI migrated: AT, BE, BG,…
— Coinbase Markets 🛡️ (@CoinbaseMarkets) April 29, 2026
DAI is an Ethereum-based stablecoin overseen by MakerDAO. Users in selected EEA regions will not have their DAI migrated. Coinbase notes that any Dai (DAI) remaining on the platform as of May 4 will be converted to USDS (USDS) at a rate of 1 DAI: 1 USDS. As a result, users are urged to send their tokens to a compatible self-custody wallet before the May 4 deadline.
Coinbase regularly monitors the assets on the crypto exchange to ensure they meet its listing standards. Based on recent reviews, Coinbase will be suspending trading for Chrono․tech (TIME) on May 11, 2026 at 2 p.m. ET. Trading for the TIME token will be suspended on Coinbase Simple and Advanced Trade, Coinbase Exchange, and Coinbase Prime.
Along similar lines, Coinbase stated it has disabled trading for TrueFi (TRU) ahead of its May 10, 2026 migration deadline.
Coinbase news
Coinbase recently launched the first wave of perpetual futures on AI Infrastructure & Compute for Silicon Valley companies. These include Micron Technology (MU), Advanced Micro Devices (AMD), Arm Holdings (ARM), Intel Corp (INTC), and SanDisk Corporation (SNDK).
In this light, perpetual futures trading for Advanced Micro Devices (AMD), ARM (ARM), Intel (INTC), Micron (MU), and SanDisk (SNDK) launched on the Coinbase platform on April 29, 2026.
In other news, Base is now supported by Visa for stablecoin settlement. In listing updates, Gensyn (AI) and Protocol (VIRTUAL) are now available on the Coinbase platform and in the Coinbase app, allowing its users to buy, sell, convert, send, receive, or store these assets.
Q&A
Why is Coinbase delisting Dai (DAI) in May 2026?
Coinbase is delisting Dai (DAI) as part of its regular asset reviews to ensure compliance with listing standards.
What will happen to my Dai (DAI) on Coinbase after May 4, 2026?
Any Dai (DAI) remaining on Coinbase after May 4 will be converted to USDS at a rate of 1 DAI to 1 USDS.
Which regions will not have their Dai (DAI) migrated by Coinbase?
Users in selected EEA regions, including Austria, Belgium, and Bulgaria, will not have their Dai (DAI) migrated.
