Coinbase Kicks TRIA, NEO, and IMX to the Curb – Again!

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Hot Gossip from the Crypto Playground

  • Coinbase is throwing a little party on June 4, 2026, at 13:00 UTC – and TRIA-PERP, NEO-PERP, and IMX-PERP are not invited.
  • Funding rates? Zero. Because who needs funding when you’re being shown the door?
  • Coinbase reserves the right to be extra dramatic and suspend trading early or tweak settlement prices. Because, why not?

Oh, the drama! Coinbase Markets, the self-proclaimed trading ecosystem (fancy, right?), has decided to give three perpetual futures the boot. TRIA-PERP, NEO-PERP, and IMX-PERP are getting the ol’ heave-ho starting June 4, 2026, at 13:00 UTC. Brutal.

According to the official announcement (which reads like a breakup text), any open positions will be automatically closed. Settlement prices? Oh, they’ll just take the average index price from the last 60 minutes before the halt. And funding rates? Zero. Because nothing says “goodbye” like a big fat zero.

Trading for the following perpetual futures will be suspended on Coinbase on June 4 on or around 13:00 UTC.

TRIA-PERP
NEO-PERP
IMX-PERP

Any remaining open positions will be settled automatically at the time of suspension.

The final settlement price will be calculated as the…

– Coinbase Markets 🛡️ (@CoinbaseMarkets) May 21, 2026

Coinbase also mentioned they might suspend trading early or adjust settlement prices if they feel like it. You know, just to keep everyone on their toes.

Why the Crypto Cold Shoulder?

Perpetual futures get delisted for all sorts of reasons – low liquidity, poor performance, or just not being cool enough for Coinbase’s internal standards. It’s like high school all over again, but with more numbers and fewer feelings.

If you’re still holding TRIA, NEO, or IMX perpetuals, you might want to close or roll over those positions before June 4. Otherwise, you’re looking at a forced liquidation, which is basically the crypto equivalent of being dumped via text.

For the uninitiated: TRIA is the token for a neobank that thinks it’s special, NEO is a blockchain that’s been around since the dinosaurs, and IMX is Ethereum’s cool Layer-2 cousin. But apparently, none of them made the cut this time.

Déjà Vu, Anyone?

Remember that time Coinbase delisted 25 perpetual futures last month? Yeah, that was fun. TRB-PERP, NEIRO-PERP, ME-PERP – the list goes on. It was like a crypto massacre, but with spreadsheets instead of swords.

Coinbase claims it’s all about improving market quality and liquidity. But let’s be real – it’s just them flexing their power. Only the strongest (or most liquid) survive.

Crypto Derivatives: The Ultimate Soap Opera

The crypto derivatives market is like a reality TV show – fast-paced, dramatic, and full of unexpected twists. One day you’re on top, the next you’re delisted. It’s a wild ride, and TRIA, NEO, and IMX fans are in for a bumpy one.

So, if you’re holding these tokens, now’s the time to get your affairs in order. Because when June 4 rolls around, it’s not just trading that’s stopping – it’s the party. And you don’t want to be the last one dancing.

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2026-05-21 23:04