14 restricted tokens will be automatically converted on October 30, 2026, affecting Coinbase retail users in the European Economic Area

Odaily reports: Coinbase will automatically convert the balances of 14 restricted crypto assets held by retail users in the European Economic Area (EEA) on October 30, 2026, in order to comply with the EU's Markets in Crypto-Assets Regulation (MiCA). The assets involved are USDT, PYUSD, USD1, DAI, PAX, GUSD, GYEN, BUST, UST, RAI, PAXG, MUSD, USDS, and TGBP. These assets have not yet obtained the authorization required under MiCA, and Coinbase has suspended trading and buying/selling of them for EEA retail users. Users who wish to retain their original assets must withdraw them to a supported external wallet before the deadline; otherwise, the remaining balances will be converted at market prices into USDC, other supported crypto assets, or fiat currency.