Coinbase Announcement
Coinbase, a major US cryptocurrency exchange, has announced that it will not facilitate the upcoming merger of three AI-focused altcoin projects: Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX).
Merger Details
In March, the three projects announced plans to merge and form the Artificial Superintelligence Alliance (ASI). The merger is scheduled to begin on July 1st and will involve consolidating AGIX and OCEAN tokens into FET tokens.
Coinbase’s Position
Coinbase has stated that it will not execute the token migration on behalf of its users. Instead, users will need to initiate the merger process themselves using their own wallets.
Self-Custodial Wallets
Coinbase recommends using self-custodial wallets, such as Coinbase Wallet, to complete the merger. The merger will be compatible with all major software wallets.
User Responsibility
Coinbase emphasizes that users are responsible for the security of their tokens and the successful completion of the merger process.
