The cryptocurrency exchange Coinbase has announced that it will not facilitate the upcoming ASI token merger migration for its users. This decision sets Coinbase apart from other major exchanges, which have chosen to support the merger. The ASI token merger aims to combine three tokens - Ocean Protocol (OCEAN), (link unavailable) (FET), and SingularityNET (AGIX) - into a single token, creating the largest decentralized AI token.

The merger is scheduled to take place in mid-July and has a combined market capitalization of $5.8 billion. While Coinbase will continue to trade OCEAN and FET tokens, it will not perform the migrations on behalf of its users. Instead, users will need to use self-custodial wallets, such as Coinbase Wallet, to perform the migrations. This decision may impact users who prefer custodial solutions, but Coinbase will still allow trading and enable self-custodial migrations.

Other major exchanges, including Binance, Bitfinex, and (link unavailable), have announced plans to support the merger. These exchanges will halt trading of the affected tokens and perform conversions to FET, with exact dates varying. The merger process will occur in two phases, with OCEAN migrating into FET in Phase 1, and the launch of ASI and the merger of FET into ASI in Phase 2.

Coinbase's decision not to facilitate the migration may seem unusual, but it shifts the responsibility to users for executing the token swap. By continuing to support trading and enabling self-custodial migrations, Coinbase maintains a degree of involvement in the process. This move may appeal to users who prefer more control over their assets.

In conclusion, Coinbase has chosen a different path regarding the ASI token merger migration. While other exchanges have opted to support the merger, Coinbase will allow users to perform migrations through self-custodial wallets. This decision may impact users, but Coinbase's continued support for trading and self-custodial migrations ensures a degree of involvement in the process. The ASI token merger aims to promote decentralized AI infrastructure development and challenge Big Tech's dominance in the AI sector.