Coinbase Opts Out of SingularityNet, Fetch.ai, and Ocean Protocol AI Tokens Migration to New ASI Token

Ocean (OCEAN) and https://t.co/pOEE8X2oY0 (FET) have announced a merger to form the Artificial Superintelligence Alliance (ASI). Coinbase will not execute the migration of these assets on behalf of users.

Major cryptocurrency exchange Coinbase will not be supporting the upcoming migration of SingularityNet (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN) AI tokens to the new Artificial Superintelligence Alliance (ASI) token.

This migration will see OCEAN and FET tokens unite in July to launch ASI tokens. The first phase of the migration will see OCEAN tokens transformed into FET on July 1, followed by the merger of FET tokens into ASI later that month.

Coinbase announced the decision in a blog post on Friday, stating that Coinbase will not execute the migration of these assets on behalf of users.

However, the exchange will continue to support FET and OCEAN trades as usual.

Coinbase stated that users who want to migrate their tokens can do so through a self-custodial wallet like Coinbase Wallet.

The ASI token merger will be interoperable with all major software wallets, allowing users to make the move themselves.

The first merger announcement in March said that FET tokens may be swapped for ASI at a 1:1 ratio. Fetch.ai informed users that their exchange holdings would be seamlessly converted to ASI tokens with no additional effort required.

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