Coinbase Opts Out of $7.5 Billion AI Token Merger, Provides Workaround for Users

Coinbase has decided not to support the upcoming migration of the Artificial Superintelligence Alliance (ASI) for its users. This migration, worth $7.5 billion, involves a token merger between AI protocols SingularityNet, Fetch.ai, and Ocean Protocol. AI tokens Ocean (OCEAN) and Fetch.ai (FET) are scheduled to merge in July, leading to the launch of ASI tokens. Initially, OCEAN will migrate into FET on July 1, and later in the month, the merged FET tokens will convert into ASI. Crypto service providers that support this mechanism will automatically convert users’ token holdings on the designated day. However, Coinbase has chosen not to