Coinbase will delist the DAI stablecoin and disable all trading for the asset on May 4, pushing users to act before the cutoff as the exchange removes the legacy MakerDAO token from its platform.
Coinbase Announces DAI Delisting Ahead of May 4 Trading Halt
The delisting aligns with the broader transition from DAI to USDS, the upgraded stablecoin introduced by Sky Protocol (formerly MakerDAO). Coinbase has outlined a conversion timeline tied to this migration, according to reporting from AMBCrypto.
Once trading is disabled on May 4, users will no longer be able to buy or sell DAI through Coinbase. The exchange has not indicated plans to reverse the decision, making the deadline a hard cutoff for active DAI positions on the platform.
What the DAI Removal Means for Coinbase Users
Users who currently hold DAI on Coinbase should review their balances before the May 4 trading halt. After that date, DAI trading pairs will be removed from the exchange entirely.
Because DAI is a stablecoin pegged to the U.S. dollar, holders are not facing the same volatility risk as with a typical delisting. The primary concern is liquidity access: once Coinbase removes the pair, users will need to withdraw DAI to an external wallet or convert to another asset before the deadline.
The shift from DAI to USDS has been underway since Sky Protocol rebranded from MakerDAO. For users on other exchanges that still support DAI, the delisting may have limited immediate impact. But for those who rely on Coinbase as their primary platform, the change requires prompt action, similar to how Rakuten Wallet’s launch of points-to-XRP conversion required users to adapt to new platform features.
Exchange-level changes like this can also raise broader questions about asset security. The recent Wasabi Protocol multi-chain exploit, which resulted in over $5 million in losses, underscores why users should proactively manage assets rather than leave them on platforms facing policy shifts.
What to Watch Before the May 4 Deadline
Coinbase users should monitor official account notices and the Coinbase exchange status page for any updates on withdrawal timelines or conversion options as the date approaches.
The key question is whether Coinbase will offer an automatic DAI-to-USDS conversion for remaining balances after May 4, or whether users will need to handle the migration themselves. The Sky Protocol USDS documentation outlines the technical framework for the upgrade, but exchange-level implementation details remain with Coinbase.
With the deadline now days away, users holding DAI on Coinbase should treat May 4 as a firm action date. Checking open orders, reviewing balances, and deciding whether to convert or withdraw are the immediate steps. Japan-based users exploring alternative platforms may also want to consider options like Rakuten Wallet’s points-to-XRP conversion for Japanese users as part of a broader portfolio review.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
