Celo (CGLD) migrated from a Layer 1 blockchain to an Ethereum Layer 2. This migration began 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 automatically converted during the migration process, so no action was required on your part.
Service disruption: Send and receive functions for CGLD were temporarily paused beginning on March 25th while Coinbase completed the migration but have now 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 were no fees associated with the migration itself. Standard trading fees still apply after the transition.
Please contact your Coinbase Exchange Account Manager or Coinbase Support for more details.