Coinbase will suspend ZetaChain trading and transfers on December 7 as the exchange prepares to support the project’s token migration. The conversion will run from December 7 to 10, with eligible holders receiving approximately one ZETA for each existing token. Coinbase will not charge transaction fees for the conversion.
Coinbase Assets announced the changes on X on November 6. The exchange has already moved ZETACHAIN trading pairs into limit-only mode, restricting users to limit orders instead of regular market orders.
Coinbase Sets December 7 Trading Suspension
Coinbase will stop ZETACHAIN trading, deposits and withdrawals on December 7. Holders who prefer managing their tokens independently must transfer them to a compatible self-custody wallet before the deadline. Otherwise, Coinbase will handle the conversion automatically for eligible balances.
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The restrictions do not affect Ethereum-based ZETA, which Coinbase will continue supporting. However, the exchange warned that native ZETACHAIN sent to its deposit addresses from December 7 onward would become unrecoverable.
ZetaChain Prepares to Retire Layer-1 Network
Meanwhile, ZetaChain plans to shut down its Layer-1 network on December 9. The project will record eligible balances at block height 20,755,000 before opening its migration portal for Solana-based claims.
The migration also includes a planned reduction in token supply. ZetaChain intends to burn approximately 55 million undistributed validator tokens through monthly burns throughout 2027.
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