Coinbase: will support the migration of ZEN tokens to the Base chain, with temporary suspension of deposits and transactions during this period

Coinbase announced that Horizen is transitioning from the Layer 1 Horizen blockchain to a Base based ERC-20 token. The upgrade is expected to take place on July 23, 2025, and Coinbase plans to temporarily suspend ZEN sending/receiving/trading functionality from July 16 to July 25 prior to the migration. Coinbase has added that it will support this migration and automatically convert ZEN tokens on Layer1 Horizen to ZEN tokens on Base, and plans to temporarily disable the Horizen network on July 16th to perform this upgrade. Coinbase reminds you not to recharge, transfer or trade ZEN during the migration period. During this period (July 16th to July 25th), any recharge cannot be restored, and further notice will be given after the service is restored.