Coinbase Halted Trading of IP Token

The platform paused activity for the token as it transitions to the rebranded DATA network.

Updated on Oct. 5, 2026 in Data Centers

Isometric editorial illustration of a metallic token and interconnected nodes, representing the migration of digital assets to a data-focused network. — Coinbase has halted trading for the IP token as the asset migrates to the rebranded DATA network to focus on AI training. AI Illustration. Upload story photo >

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Do you trust cryptocurrency exchanges to handle token migrations without disrupting your access to assets?

Coinbase has disabled trading for the IP token as the project undergoes a rebranding to the DATA Network. The migration process is currently underway to convert existing tokens into the new format.

Why it matters

The transition reflects a strategic shift by the project toward focusing on AI training data. This move aims to align the network with its growing infrastructure requirements and long-term asset goals.

The conversion from IP to DATA tokens occurs at a one-to-one ratio during the migration. The network currently supports over 1.1 billion registered records, with the Foundation targeting 1.5 billion assets.

The players

Coinbase

Coinbase is a prominent cryptocurrency exchange that provides a platform for buying, selling, and managing various digital assets.

DATA Foundation

The DATA Foundation is the governing entity overseeing the rebranded network and its strategic pivot toward artificial intelligence data training.

The details

Coinbase has suspended IP token trading while requesting that users avoid deposits or transfers until the transition completes. Holders do not need to perform manual actions, as the Foundation is managing the migration process leading up to the scheduled relaunch.

June 2026: The network reached a milestone of 1.1 billion registered records.
October 5, 2026: Coinbase disabled trading for the IP token.
October 5-7, 2026: The official migration window for token conversion is in progress.
October 7, 2026: Trading for the new DATA token is expected to commence.

The Tech Race

This transition aligns with the industry-wide trend of blockchain projects pivoting toward decentralized AI data infrastructure. The project is effectively shifting its core utility to serve as a specialized foundation for training models.

Users holding IP tokens do not need to take manual action for the conversion to DATA tokens. Customers should refrain from depositing or transferring tokens during the migration window to avoid potential complications.

The takeaway

Investors should monitor their exchange accounts for the automatic reflection of the new DATA token balance after the migration window. Maintaining a patient approach during scheduled exchange maintenance helps prevent unnecessary transaction errors.