Coinbase will not support the Celo blockchain migration

ChainCatcher news, Coinbase Assets announced that Coinbase will not support the Celo blockchain migration. Due to the hard fork migration, users need to withdraw CGLD from Coinbase by January 13, 2025.

After the hard fork is executed, the Celo L1 network (Coinbase code: CGLD) will stop generating blocks, and users will no longer be able to send or receive assets on the Celo L1 network. Previously, Celo stated that its L1 blockchain will migrate to Celo L2 on January 16, 2025.