Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»Coinbase Rejects ASI Token Migration Amid $7.5 Billion AI Token Merger
TRADING NEWS

Coinbase Rejects ASI Token Migration Amid $7.5 Billion AI Token Merger

By Crypto FlexsJuly 29, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Coinbase Rejects ASI Token Migration Amid .5 Billion AI Token Merger
Share
Facebook Twitter LinkedIn Pinterest Email

Coinbase opts out of migration

Coinbase has announced that it will not support the upcoming migration of Artificial Superintelligence Alliance (ASI) tokens, despite a $7.5 billion token merger that includes AI protocols such as SingularityNet, Fetch.ai, and Ocean Protocol.

The merger, which is scheduled to take place in July, will see Ocean (OCEAN) and Fetch.ai (FET) tokens converted to ASI tokens. Coinbase users will not experience these assets being automatically migrated through the platform.

Self-customized wallet for token migration

Coinbase Assets emphasized in an official statement that while they do not support migration, users can trade FET and OCEAN tokens as usual until further notice.

Source: Coinbase Assets

For those who wish to participate in the ASI token migration, Coinbase recommends using a self-customized wallet such as Coinbase Wallet. This approach allows users to independently manage their token migration, allowing them to continue participating in the ASI merger via a compatible major software wallet.

Mechanism of ASI Merger

The merger will begin with the conversion of OCEAN tokens to FET tokens on July 1st, followed by the conversion of FET tokens to ASI tokens later that month. Exchanges that support the transition will automatically process the conversion for their users.

Fetch.ai has assured users that users holding OCEAN and AGIX tokens on exchanges will have their tokens seamlessly converted to ASI tokens without any action required. The initiative aims to create the largest decentralized AI ecosystem and enhance the development of blockchain-based AI protocols.

Market Impact and Future Outlook

The merger announcement has already had a positive impact on the relevant tokens. Both FET and AGIX have seen significant gains, surging more than 30% on June 20 after a three-month decline. The merger is expected to foster a robust decentralized AI network that is less vulnerable to centralized authority or control by major stakeholders.

Kaspa’s innovative Direct Acyclic Graph derivative architecture promises faster transaction speeds and improved scalability compared to Bitcoin. Despite Coinbase’s decision to opt out, the broader cryptocurrency community remains optimistic about the potential for the ASI merger to transform the AI ​​token landscape.

As the merger progresses, both users and investors will be closely watching the market dynamics and the implications for the future of decentralized AI applications. Coinbase’s decision not to support the migration highlights the different approaches to handling significant technology integrations and migrations within the cryptocurrency industry.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

HYPE price is targeting a 54% rise with a breakout of the falling wedge.

October 24, 2025

Fed Joins Payments Revolution, Brings Cryptocurrency to the Periphery

October 23, 2025

Why Most Crypto Cities Fail: The Surprising Reason Revealed

October 22, 2025
Add A Comment

Comments are closed.

Recent Posts

HYPE price is targeting a 54% rise with a breakout of the falling wedge.

October 24, 2025

Cryptocurrency company Xeltox has been fined C$177M by Canada’s AML regulator.

October 23, 2025

The People’s Robotics Platform Launches To Dominate $218b Industry

October 23, 2025

A Gateway To Early-Stage Crypto Projects And Trading Rewards

October 23, 2025

MEXC Q3 2025 Report Highlights Market Leadership Across New Listings, Security, And Ecosystem Growth

October 23, 2025

Fed Joins Payments Revolution, Brings Cryptocurrency to the Periphery

October 23, 2025

ETF Land Rush: Solana’s filing speed outpaces XRP and matches BTC.

October 23, 2025

XRP And BlackchainMining Are Giving Away A Massive $77.77 Million Bonus!

October 22, 2025

Phemex Upgrades Rewards Hub With $15,000 Package And Mystery Box System

October 22, 2025

Alps Blockchain Announces Corporate Rebranding To Alps

October 22, 2025

Why Most Crypto Cities Fail: The Surprising Reason Revealed

October 22, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

HYPE price is targeting a 54% rise with a breakout of the falling wedge.

October 24, 2025

Cryptocurrency company Xeltox has been fined C$177M by Canada’s AML regulator.

October 23, 2025

The People’s Robotics Platform Launches To Dominate $218b Industry

October 23, 2025
Most Popular

BITMEX, 50x leverage to solv, duck, J indefinite swap release

January 25, 2025

Futurum Gaming is a flagship game launch, Genesis NFT Mint and Token Generation Event presentation

April 12, 2025

It is so easy to be a millionaire! Winner Mining helps to become rich in 2025

June 2, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.