- Coinbase set December 17 for a major platform update with details still undisclosed.
- Internal BTC and ETH wallet migrations were confirmed as routine security measures.
- Asset listings and trading suspensions shifted ahead of the anticipated platform update.
Coinbase has alerted users to December 17 as the day it will introduce what it calls the next phase of its platform, marking one of its scheduled updates this year. The company signaled the date through a brief post on X, telling users to “see you on the 17th” and directing attention to an upcoming livestream that will outline the changes. While the exchange did not release technical details, the announcement has drawn attention as it follows recent internal wallet movements and ongoing adjustments to supported assets.
According to Coinbase’s events page, a countdown is already active for the December 17 broadcast, set to begin at 2:00 p.m. PST. As of the latest update, the timer displayed sixteen days and several hours until the presentation. Coinbase has not specified the scope of the system changes, leaving the nature of the upgrade unconfirmed.
The advisory comes shortly after the firm completed a major internal migration involving BTC and ETH held in legacy wallets. On November 22, Coinbase confirmed that it had transferred funds to new internal wallets as part of routine security procedures. The company stated that the activity was not tied to market conditions, regulatory developments, or any external incident, noting that the migration was conducted to maintain its operational standards.
Wallet Movements, Asset Decisions Accompany Update Timeline
The upcoming event follows a period of adjustments to asset availability on the platform. Coinbase listed Rayls (RLS) to its roadmap and added Irys (IRYS), Fluid (FLUID), and World Mobile Token (WMTX) to its trading interface and mobile app. The exchange also introduced Aster perpetual contracts on Coinbase International Exchange and Coinbase Advanced.
Meanwhile, trading support for several tokens has shifted. The exchange disabled trading for Muse Dao (MUSE) and Wrapped Centrifuge (WCFG), and extended the suspension for Clover Finance (CLV), EOS (EOS), and League of Kingdoms Arena (LOKA) to December 10, 2025, at approximately 2:00 p.m. ET.
Broader Market Context Surrounds Announcement
The timeline also aligns with earlier analyst assessments. In October, JPMorgan assigned an “overweight” rating to Coinbase, citing reduced risks and a valuation it described as favorable relative to sector peers. While the firm has not linked this rating to the imminent system update, the decision added context to ongoing market attention.
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About the Author: Peter Mwangi
