Coinbase puts DATA-USD into auction mode after Story token migration
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Coinbase completed the migration from Story (IP) to Data (DATA) on Thursday, Oct. 8, and restored sending, receiving, and trading for DATA. Coinbase also placed DATA-USD into auction mode as trading resumed. The auction mode was set up to gauge market sentiment at the start of trading and to support pricing in the opening period.
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What it means
Users who hold or trade DATA can now send, receive, and trade the token again after the migration finished on Thursday, Oct. 8. That change is visible immediately on Coinbase’s market as DATA-USD reopened in auction mode.
Before this point, DATA trading was not in the same state as it is now because Coinbase had not yet finished the migration from Story (IP) to Data (DATA). What stays in place is that the market still opens through an auction mechanism for DATA-USD, rather than a normal continuous start.
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Coverage timeline
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 37 days ago | Coinbase Lists Concrete Token Page but Does Not Enable CT Trading event | 1 actors in common · 2 news media |