Coinbase will suspend perpetual contract trading for 10 tokens including MEME and SAND

According to the official announcement, Coinbase will suspend trading of the following perpetual contracts around 21:00 on August 26: Memecoin (MEME-PERP), The Sandbox (SAND-PERP), Moonbirds (BIRB-PERP), Blur (BLUR-PERP), Katana (KAT-PERP), SPX6900 (SPX-PERP), ZORA (ZORA-PERP), Axie Infinity (AXS-PERP), Gensyn (AI-PERP), and LayerZero (ZRO-PERP).

At that time, any remaining open positions will be automatically settled, with the final settlement price being the average index price for the 60 minutes prior to the suspension of trading, and the rate for the last funding rate period will be set to zero.