Coinbase will convert remaining balances in 14 restricted assets held by European Economic Area retail customers on Friday, Oct. 30, so customers who leave funds on the platform will receive an exchange.
Coinbase’s notice applies to retail customers across the European Economic Area (EEA). Customers may withdraw supported assets to an external wallet by Oct. 30, where that route is available for the asset and network. Buying, selling and converting those assets on Coinbase are restricted, so withdrawal is the option the exchange offers customers seeking to keep them.
The 14 symbols listed are USDT, PAX, PYUSD, GUSD, GYEN, DAI, BUST, UST, RAI, PAXG, MUSD, USD1, USDS and TGBP.
Coinbase says it will set the conversion value using the market rate available when processing occurs. It will use USDC where suitable; otherwise, the destination will be another supported crypto asset or currency. The guidance does not name the alternative for any particular balance.
The exchange warns that balances might briefly appear as zero during processing, with each conversion recorded in account history. It says converting one crypto asset into another may have tax consequences in some jurisdictions. Transfers arriving after Oct. 30 will not be credited or included in the conversion. Some later deposits may be recoverable, depending on the asset and network, but recovery is not assured.
Coinbase connects the restrictions to the European Union’s Markets in Crypto-Assets Regulation (MiCA). It says the transitional period for stablecoin issuers ended July 1, 2026, without an extension. Coinbase may reconsider support if an asset later becomes MiCA-compliant, though it says a completed conversion would not be reversed.
On Oct. 8, the European Securities and Markets Authority (ESMA) said MiCA-authorized crypto service providers should end services for stablecoins that do not meet the rules. ESMA also called on national authorities to address existing exposures promptly, with three months after publication as the latest deadline. Coinbase’s one-time conversion is scheduled for Friday, Oct. 30.
