The first phase of token merging initiated by the Artificial Superintelligence Alliance (ASI) began on July 1, integrating AGIX from SingularityNET and OCEAN from Ocean Protocol into the FET token on Fetch.ai. This $7.5 billion merger led to the widespread delisting of the original tokens from all crypto exchanges. Despite the merger, not all crypto exchanges supported it. Specifically, Coinbase did not implement an automatic conversion mechanism for users’ tokens into the new ASI token. Coinbase will continue to support trading for FET and OCEAN until further notice. Users wishing to transfer their holdings to ASI must use a self-custody wallet like Coinbase Wallet.
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Robinhood is considering launching cryptocurrency futures in the US and Europe. The token merger marks a significant step in integrating AI tokens but faces challenges related to exchange support.