Coinbase, a popular cryptocurrency exchange, has announced that it will not support the migration of Celo blockchain to its Layer 2 solution. As a result of this decision, Coinbase customers who hold Celo Gold (CGLD) must transfer their assets off the Coinbase platform by January 13, 2025. Following the migration, the Celo L1 network will cease operations, and users will no longer be able to send or receive assets on the Celo L1 network.
Previously, Celo had announced that its L1 blockchain would be migrated to its Layer 2 solution on January 16, 2025.
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