Coinbase Confirms DATA Token Migration Complete, Full Trading Resumes
On October 8, Coinbase announced via its official social media channels that the token migration from Story (IP) to Data (DATA) has been successfully finalized. Following the completion, the platform has reinstated all core functionalities for the DATA token, including sending, receiving, and spot trading.
Technical Upgrade Implemented, User Assets Seamlessly Transitioned
This migration represents a technical upgrade to the underlying protocol, rather than a mere rebranding. For users holding the asset, the entire process was handled automatically in the background by the exchange, requiring no additional action on their part. Assets in user wallets have been converted to the new DATA token on a 1:1 basis.
Coinbase stated in the announcement that necessary precautions were taken during the system upgrade and migration period to ensure the security and integrity of user funds. All related services are now fully operational.
Market Watches for Future Developments
With trading functionality restored, liquidity for the DATA token has returned. Market participants are focusing on whether the technical upgrade will lead to new developments in the asset's use cases and ecosystem growth. Some analysts view the successful migration as removing prior uncertainty and clearing a path for the project's future.
For the broader crypto market, the smooth execution of such a complex asset migration by a major exchange also demonstrates the maturity and capability of its infrastructure. Investors are still advised to verify the latest asset contract information through official channels before engaging in related trading.