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Coinbase Completes AERO Token Conversion, Reopens AERO and VELO Deposits and Withdrawals

Coinbase has completed the conversion of Aerodrome and Velodrome tokens into the new AERO and reopened deposits and withdrawals for AERO and VELO. The exchange said it no longer supports deposits or withdrawals of the old AERO and warned users not to send old AERO to their deposit addresses, as such deposits may not be recoverable.

Original source

AI take

The operational detail carries more weight than the conversion itself: Coinbase has closed the door on the legacy AERO token, and misdirected deposits of the old asset may simply be lost. That asymmetry — a completed swap on one side, an unrecoverable dead end on the other — puts the burden squarely on holders who have been slow to migrate. The open question is whether residual old-token balances elsewhere in the ecosystem get similar cutoffs, and how much of the legacy supply is still sitting in wallets that missed the notice.

Generated by AI for reference only.

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