Coinbase to Halt FORTH Trading on Nov. 23
Coinbase will suspend Ampleforth Governance Token (FORTH) trading on Coinbase.com, Coinbase Exchange and Coinbase Prime at about 2 p.m. ET on November 23, 2026. The exchange said FORTH no longer meets its listing standards but did not specify why. Withdrawals will remain available after trading ends.
FORTH is already in limit-only mode on Coinbase, meaning traders can place or cancel limit orders but cannot submit market orders. The move follows Forth DAO’s September 18 vote to wind down. The DAO plans a USDC distribution, with a holder snapshot scheduled for December 1. Coinbase has not said whether exchange-held tokens will qualify, so holders should check the distribution terms and platform policies.
Other exchanges have also dropped FORTH, including CoinSpot in October and Binance earlier in 2026. The token has traded around $0.24–$0.35, well below its previous highs. The Coinbase delisting adds liquidity and access risks for FORTH traders, although users can still withdraw their tokens.
Bearish
The news is bearish for FORTH specifically, rather than a broad signal for the crypto market. Coinbase is a major trading venue, and ending FORTH trading there can reduce access and liquidity, widen spreads and make it harder for holders to exit positions. The token is already in limit-only mode, and the scheduled halt comes amid Forth DAO’s wind-down and earlier exchange delistings. Together, these developments may add to selling pressure and increase price volatility in the short term, particularly as traders reassess the December 1 USDC distribution and whether exchange-held tokens qualify.
The impact may be amplified by uncertainty: Coinbase did not identify which listing standards FORTH failed, and it has not clarified how the DAO distribution will apply to Coinbase-held balances. Holders can still withdraw their tokens, which reduces the risk of assets being trapped, but moving tokens does not guarantee access to a distribution or an active market elsewhere.
Similar exchange delistings have often caused a token’s trading volume and liquidity to fall, while price reactions vary depending on whether the decision was already expected. In this case, the DAO wind-down and previous delistings may mean some of the negative outlook is already reflected in FORTH’s low price range. Over the longer term, the DAO’s wind-down and shrinking exchange support are structural headwinds. The event is unlikely on its own to affect broader market stability, but traders should account for thin liquidity, wider spreads and distribution-related uncertainty.