Migration overview
Celo (CGLD) is migrating from a Layer 1 blockchain to an Ethereum Layer 2. This migration is expected to begin on March 25, 2025. Details on this transition can be found here: https://docs.celo.org/cel2.
What you need to know
Automatic migration: Your CGLD tokens will be automatically converted during the migration process, so no action is required on your part.
Service disruption: Send and receive functions for CGLD will be temporarily paused beginning on March 25th while Coinbase completes the migration. Please refrain from depositing CGLD during the migration window to avoid transaction delays. Email notifications will be sent regarding when services will be disabled and when they have resumed.
Withdrawal information: You can keep your CGLD assets in your Coinbase account until further notice. No immediate action is needed.
No additional fees: There are no fees associated with the migration itself. Standard trading fees will still apply after the transition.
Future announcements
The Celo team will share updates on the migration timeline and additional details as they become available. Expect notifications via email as well as postings on our official Twitter account.