Coinbase opts out of ASI token migration as $7.5B merger proceeds

Coinbase has chosen not to support the upcoming migration of the Artificial Superintelligence Alliance for its users. This migration involves a $7.5 billion token merger between the AI protocols SingularityNet, Fetch.ai, and Ocean Protocol.

“Once the migration has launched, users will be able to migrate their OCEAN and FET to ASI using a self-custodial wallet, such as Coinbase Wallet. The ASI token merger will be compatible with all major software wallets.”During the initial merger announcement in March, it was revealed that users would be able to swap FET tokens for ASI at a rate of 1:1. According to Fetch.ai:

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