In a recent announcement, Coinbase revealed that it would not facilitate the migration of two assets related to the Artificial Superintelligence Alliance (ASI) token merger. Instead, the exchange will continue supporting trading for Ocean Protocol (OCEAN) and (link unavailable) (FET) until further notice, allowing users to perform migrations through their self-custodial wallets, including Coinbase Wallet.

Coinbase's decision not to facilitate the token merger has raised some eyebrows, but the exchange has assured users that the merger will support all major software wallets. However, it's worth noting that Coinbase does not support trading of SingularityNET (AGIX), a third token that will merge with OCEAN and FET in July.

(link unavailable) has outlined broader plans for exchanges to support the merger, which will involve several stages. Starting July 1, cooperating exchanges will close AGIX and OCEAN deposits and withdrawals, while allowing FET deposits, withdrawals, and trading to continue. Exchanges will eventually delist AGIX and OCEAN, and the ASI token will launch in mid-July. Users will be able to convert tokens they hold in self-custody, and exchanges will migrate spot markets from FET to ASI.

Coinbase's decision to opt out of facilitating the token merger may seem unusual, but it's likely a strategic move to maintain control over its platform. By allowing users to perform migrations through self-custodial wallets, Coinbase can ensure that it doesn't have to bear the responsibility of facilitating the merger. This approach also aligns with Coinbase's commitment to user autonomy and decentralization.

The ASI token merger is a significant development in the cryptocurrency and AI industries, and it has the potential to create a decentralized AI network that is not controlled by any single entity. The merger aims to challenge the dominance of Big Tech in the AI space and provide a more democratic and open platform for AI development.

In conclusion, Coinbase's decision not to facilitate the ASI token merger may have raised some concerns, but the exchange's commitment to user autonomy and decentralization is evident in its approach. The merger has the potential to create a decentralized AI network that is not controlled by any single entity, and it will be interesting to see how this development unfolds in the coming months.