Coinbase disables Ronin trading as Ethereum L2 migration enters execution phase

Coinbase has disabled trading for Ronin, marking the execution phase of the network’s planned migration to a new Ethereum layer-2 [L2] network.

In an update shared on 30 March, Coinbase confirmed that RONIN trading has been suspended, while user funds remain accessible for withdrawal until the migration date is finalized. 

The exchange added that it will not support the migration on behalf of customers, placing the responsibility on users to move their tokens.

Users must transfer funds ahead of migration

Coinbase had first warned users on 3 March that action would be required ahead of the migration. According to the exchange, RONIN holders must transfer their tokens to a compatible self-custodial wallet before the upgrade is completed.

Assets that are not moved off the platform will not be accessible after the migration, Coinbase said at the time, highlighting the potential risk for users who fail to act.

The exchange had already shifted RONIN order books to limit-only mode earlier in March, restricting market orders before fully disabling trading this week.

Migration traces back to Ronin’s 2025 Ethereum L2 plan

The ongoing transition stems from Ronin’s previously announced roadmap to evolve from a gaming-focused Ethereum sidechain into a full-fledged L2 network.

Outlined in 2025, the upgrade aims to improve transaction speed, and strengthen security by aligning with Ethereum. It also plans to expand the network’s use cases beyond gaming into areas such as DeFi and consumer applications.

The migration was expected to be completed between the first and second quarters of 2026, placing the current developments within the project’s planned execution timeline.

Market reaction remains muted

Despite the trading suspension, RONIN’s price remained relatively stable.

At the time of writing, the token traded around $0.0839, down roughly 1.2% over the past 24 hours, with a market capitalization near $64.5 million.

Trading volume remained steady at approximately $3 million, suggesting no significant spike in selling pressure.

The relatively stable price action indicates that the migration and trading halt were likely already priced in following earlier announcements.

Final Summary

• Coinbase has suspended Ronin trading as its Ethereum L2 migration moves into execution, requiring users to transfer funds independently.
• Despite the operational changes, RONIN’s price reaction remains muted, suggesting the market had already anticipated the transition.